Linde plc (NASDAQ:LIN) Shares Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA grew its holdings in Linde plc (NASDAQ:LIN) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 501,280 shares of the basic materials company’s stock after buying an additional 5,542 shares during the period. Linde accounts for about 3.7% of Compagnie Lombard Odier SCmA’s holdings, making the stock its 5th biggest holding. Compagnie Lombard Odier SCmA’s holdings in Linde were worth $239,040,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LIN. Regent Peak Wealth Advisors LLC increased its position in Linde by 1.3% during the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares during the last quarter. Prentice Wealth Management LLC increased its position in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 23 shares during the last quarter. Quotient Wealth Partners LLC increased its position in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares during the last quarter. Valued Wealth Advisors LLC increased its position in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. Finally, CNB Bank increased its position in Linde by 2.9% during the first quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America lifted their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Linde Stock Up 1.0 %

Linde stock traded up $4.62 during trading on Friday, reaching $474.04. The stock had a trading volume of 1,105,320 shares, compared to its average volume of 1,848,451. Linde plc has a 52-week low of $361.02 and a 52-week high of $483.36. The business has a 50 day moving average price of $465.85 and a 200 day moving average price of $449.92. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock has a market cap of $227.86 billion, a PE ratio of 36.78, a P/E/G ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the previous year, the firm earned $3.57 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio is presently 43.13%.

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.