Linde plc (NASDAQ:LIN) is Maren Capital LLC's 6th Largest Position

Maren Capital LLC raised its position in Linde plc (NASDAQ:LIN - Free Report) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,376 shares of the basic materials company's stock after purchasing an additional 3,149 shares during the quarter. Linde comprises 7.7% of Maren Capital LLC's investment portfolio, making the stock its 6th biggest position. Maren Capital LLC's holdings in Linde were worth $93,167,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its position in shares of Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company's stock valued at $1,513,551,000 after buying an additional 15,187 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company's stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Linde by 7.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company's stock worth $1,365,647,000 after acquiring an additional 218,746 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company's stock worth $1,438,154,000 after acquiring an additional 50,882 shares during the period. Finally, Impax Asset Management Group plc lifted its stake in shares of Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company's stock worth $1,130,986,000 after acquiring an additional 56,775 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Up 0.3 %

LIN stock traded up $1.33 on Wednesday, hitting $459.45. 2,188,337 shares of the company were exchanged, compared to its average volume of 1,845,360. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. 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 business's fifty day moving average is $466.42 and its two-hundred day moving average is $454.94. The stock has a market capitalization of $218.77 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93.

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

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.21%. Linde's payout ratio is 42.22%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the firm's stock in a transaction dated 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 completion of the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

Linde Company 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.