922 Shares in Linde plc (NASDAQ:LIN) Purchased by Accelerate Investment Advisors LLC

Accelerate Investment Advisors LLC bought a new stake in Linde plc (NASDAQ:LIN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 922 shares of the basic materials company’s stock, valued at approximately $440,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Linde by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after buying an additional 405,952 shares during the period. Ameriprise Financial Inc. raised its stake in Linde by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after purchasing an additional 15,187 shares during the period. Canada Pension Plan Investment Board boosted its holdings 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 valued at $1,365,647,000 after purchasing an additional 218,746 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Linde by 8.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock valued at $874,908,000 after buying an additional 160,355 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Linde by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock worth $906,730,000 after buying an additional 23,155 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LIN. Citigroup lifted their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. UBS Group reduced their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Bank of America raised their target price 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. Finally, JPMorgan Chase & Co. increased their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Price Performance

LIN opened at $474.05 on Monday. 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 company’s 50-day moving average price is $465.85 and its 200 day moving average price is $449.80. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36. The firm has a market cap of $227.86 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94.

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

Linde Dividend Announcement

The company also recently declared 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 currently 43.13%.

Insider Buying and Selling

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 stock was 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 directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% 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.