Raymond James & Associates Acquires 178 Shares of Linde plc (NASDAQ:LIN)

Raymond James & Associates increased its holdings in Linde plc (NASDAQ:LIN) by 0.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 601,963 shares of the basic materials company’s stock after buying an additional 178 shares during the quarter. Raymond James & Associates owned about 0.13% of Linde worth $287,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. National Bank of Canada FI lifted its holdings in shares of Linde by 46.9% during the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after buying an additional 15,393 shares during the period. Vident Advisory LLC boosted its position in Linde by 40.7% in the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after purchasing an additional 2,337 shares during the last quarter. Choate Investment Advisors increased its position in shares of Linde by 23.6% during the 1st quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock valued at $8,366,000 after purchasing an additional 3,437 shares during the last quarter. Norden Group LLC purchased a new stake in shares of Linde during the 1st quarter valued at about $5,041,000. Finally, Tidal Investments LLC boosted its holdings in shares of Linde by 28.7% in the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,479 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP John Panikar sold 10,025 shares of the company’s 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 of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on LIN shares. BMO Capital Markets restated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Citigroup increased their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. UBS Group lowered their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. 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, Barclays raised their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Trading Up 0.1 %

Shares of NASDAQ LIN traded up $0.39 during midday trading on Friday, hitting $486.45. The company’s stock had a trading volume of 1,255,247 shares, compared to its average volume of 1,832,751. Linde plc has a 12-month low of $361.02 and a 12-month high of $487.49. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market cap of $232.28 billion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94. The business’s 50 day moving average is $469.63 and its two-hundred day moving average is $450.66.

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

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is presently 42.31%.

About Linde

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.