Aptus Capital Advisors LLC lifted its position in Linde plc (NASDAQ:LIN - Free Report) by 20.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,817 shares of the basic materials company's stock after purchasing an additional 8,676 shares during the period. Aptus Capital Advisors LLC's holdings in Linde were worth $24,709,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in LIN. Summit Securities Group LLC purchased a new stake in shares of Linde in the 2nd quarter valued at approximately $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde during the second quarter worth $33,000. Kozak & Associates Inc. purchased a new position in Linde in the third quarter worth $34,000. J.Safra Asset Management Corp purchased a new position in Linde in the 2nd quarter valued at approximately $42,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Linde in the third quarter valued at about $43,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Linde Stock Performance
LIN stock traded down $0.85 during trading hours on Tuesday, reaching $455.59. The stock had a trading volume of 1,748,961 shares, compared to its average volume of 1,836,037. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $216.93 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. Linde plc has a fifty-two week low of $395.00 and a fifty-two week high of $487.49. The stock has a 50-day simple moving average of $471.16 and a 200 day simple moving average of $452.49.
Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $3.63 EPS. Analysts predict that Linde plc will post 15.48 EPS for the current fiscal year.
Linde Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde's dividend payout ratio (DPR) is currently 42.22%.
Wall Street Analyst Weigh In
LIN has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a "buy" rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Barclays lifted their price target on Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $490.75.
Read Our Latest Analysis on Linde
Insiders Place Their Bets
In other Linde news, VP John Panikar sold 10,025 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.
About Linde
(
Free Report)
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.
Featured Articles
Before you consider Linde, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Linde wasn't on the list.
While Linde currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
