Gladstone Institutional Advisory LLC Boosts Holdings in Linde plc (NASDAQ:LIN)

Gladstone Institutional Advisory LLC boosted its stake in Linde plc (NASDAQ:LIN - Free Report) by 62.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,241 shares of the basic materials company's stock after purchasing an additional 2,785 shares during the quarter. Gladstone Institutional Advisory LLC's holdings in Linde were worth $3,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Summit Securities Group LLC acquired a new position in shares of Linde during the 2nd quarter worth $28,000. Strategic Financial Concepts LLC acquired a new position in Linde during the second quarter worth about $33,000. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter worth about $34,000. J.Safra Asset Management Corp acquired a new stake in shares of Linde in the 2nd quarter valued at approximately $42,000. Finally, Bangor Savings Bank grew its holdings in shares of Linde by 62.9% during the 2nd quarter. Bangor Savings Bank now owns 101 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LIN. Bank of America increased their price objective on shares of Linde from $495.00 to $516.00 and gave the company a "buy" rating in a research note on Monday, August 5th. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday. BMO Capital Markets increased their target price on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Linde currently has a consensus rating of "Moderate Buy" and an average price target of $490.75.

Linde Trading Up 0.3 %

LIN stock traded up $1.16 during trading on Friday, hitting $457.31. The company had a trading volume of 2,347,398 shares, compared to its average volume of 1,574,533. The stock has a market cap of $218.37 billion, a PE ratio of 34.72, a PEG ratio of 2.89 and a beta of 0.94. The business has a 50-day moving average of $472.87 and a 200-day moving average of $451.86. The company has a current ratio of 0.96, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a one year low of $385.12 and a one year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts' consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion during 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%. The business's revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $3.63 EPS. Research analysts predict that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. 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 payout ratio is presently 42.22%.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by 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.