Markel Group Inc. boosted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,000 shares of the basic materials company's stock after buying an additional 11,500 shares during the quarter. Markel Group Inc.'s holdings in Linde were worth $73,913,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LIN. Summit Securities Group LLC purchased a new position in Linde during the second quarter valued at approximately $28,000. Strategic Financial Concepts LLC bought a new position in Linde in the 2nd quarter worth $33,000. Kozak & Associates Inc. bought a new position in Linde in the 3rd quarter worth $34,000. J.Safra Asset Management Corp purchased a new stake in Linde in the 2nd quarter worth $42,000. Finally, Capital Performance Advisors LLP bought a new stake in Linde during the third quarter valued at about $43,000. 82.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Citigroup boosted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a "neutral" rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their target price 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. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $490.75.
Read Our Latest Stock Report on Linde
Linde Trading Down 1.3 %
LIN traded down $5.99 during trading on Friday, reaching $459.48. The company had a trading volume of 1,496,836 shares, compared to its average volume of 1,835,682. 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 52 week low of $390.38 and a 52 week high of $487.49. The stock has a market cap of $218.79 billion, a P/E ratio of 34.89, a PEG ratio of 2.96 and a beta of 0.94. The business has a 50 day simple moving average of $471.60 and a 200-day simple moving average of $452.30.
Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data 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. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the firm earned $3.63 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.
Linde Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 3rd. Linde's payout ratio is presently 42.22%.
Insider Buying and Selling
In other Linde news, VP John Panikar sold 10,025 shares of the firm'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 transaction, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.
Linde Profile
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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.
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