17,890 Shares in Linde plc (NASDAQ:LIN) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in Linde plc (NASDAQ:LIN - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,890 shares of the basic materials company's stock, valued at approximately $8,531,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in shares of Linde during the second quarter worth approximately $28,000. Strategic Financial Concepts LLC bought a new position in shares of Linde in the 2nd quarter worth $33,000. Kozak & Associates Inc. bought a new stake in Linde in the third quarter valued at about $34,000. Capital Performance Advisors LLP bought a new position in Linde during the third quarter worth about $43,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Linde by 133.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 56 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Erste Group Bank reissued a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the stock 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $490.75.

Linde Stock Performance

Shares of LIN stock traded down $3.20 during trading on Friday, reaching $435.30. 2,254,159 shares of the company's stock were exchanged, compared to its average volume of 1,860,406. The firm's fifty day moving average price is $462.19 and its 200-day moving average price is $455.24. 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 stock has a market capitalization of $207.27 billion, a PE ratio of 33.30, a PEG ratio of 2.82 and a beta of 0.93. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 EPS. As a group, sell-side analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The firm 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. This represents a $5.56 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, December 3rd. Linde's payout ratio is presently 42.22%.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company's stock.

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.