Quantinno Capital Management LP Raises Stake in Linde plc (NASDAQ:LIN)

Quantinno Capital Management LP lifted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 30.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,723 shares of the basic materials company's stock after acquiring an additional 12,139 shares during the period. Quantinno Capital Management LP's holdings in Linde were worth $24,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trifecta Capital Advisors LLC increased its position in Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock worth $69,000 after buying an additional 21 shares during the period. Prentice Wealth Management LLC increased its position in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock worth $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC increased its position in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock worth $1,290,000 after buying an additional 23 shares during the period. Regent Peak Wealth Advisors LLC increased its position in Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock worth $873,000 after buying an additional 23 shares during the period. Finally, Capital Advisors Ltd. LLC increased its position in Linde by 5.7% during the second quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company's stock worth $195,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Price Performance

Shares of Linde stock traded down $8.89 during trading on Thursday, reaching $450.56. The company's stock had a trading volume of 988,182 shares, compared to its average volume of 1,847,210. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The company has a market capitalization of $214.54 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 2.93 and a beta of 0.93. The business has a 50 day moving average price of $466.07 and a 200-day moving average price of $454.97.

Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts' consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 earnings per share. As a group, sell-side analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.23%. Linde's payout ratio is 42.22%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LIN shares. Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Erste Group Bank reiterated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Finally, BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Linde has an average rating of "Moderate Buy" and a consensus price target of $490.75.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Linde Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.