Nomura Asset Management Co. Ltd. increased its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 19.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,863 shares of the basic materials company's stock after buying an additional 45,744 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Linde worth $132,025,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of Linde in the 2nd quarter worth $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Linde during the second quarter valued at about $33,000. Kozak & Associates Inc. bought a new stake in shares of Linde in the 3rd quarter valued at about $34,000. J.Safra Asset Management Corp bought a new position in shares of Linde during the 2nd quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP purchased a new stake in Linde during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 82.80% of the company's stock.
Analysts Set New Price Targets
LIN has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Erste Group Bank restated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $490.75.
View Our Latest Stock Report on LIN
Insider Buying and Selling
In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The shares were 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 represents a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.
Linde Price Performance
Shares of NASDAQ:LIN traded up $0.86 during trading on Monday, reaching $449.44. 2,191,258 shares of the company's stock traded hands, compared to its average volume of 1,963,267. The firm has a market cap of $214.01 billion, a PE ratio of 34.13, a P/E/G ratio of 2.88 and a beta of 0.93. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $464.81 and a 200-day simple moving average of $455.33.
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 return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.39 billion. During the same period in the previous year, the business earned $3.63 earnings per share. The business's revenue was up 1.9% compared to the same quarter last year. As a group, analysts predict 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.24%. Linde's dividend payout ratio is currently 42.22%.
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.
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