DT Investment Partners LLC Boosts Stock Holdings in Linde plc (NASDAQ:LIN)

DT Investment Partners LLC lifted its position in shares of Linde plc (NASDAQ:LIN) by 26.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155 shares of the basic materials company’s stock after buying an additional 32 shares during the period. DT Investment Partners LLC’s holdings in Linde were worth $74,000 as of its most recent SEC filing.

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

Linde Price Performance

Shares of Linde stock opened at $474.46 on Friday. The firm has a fifty day moving average price of $471.54 and a two-hundred day moving average price of $450.99. Linde plc has a fifty-two week low of $362.33 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The company has a market cap of $226.55 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the company posted $3.57 earnings per share. Linde’s revenue was up 1.2% on a year-over-year basis. Analysts expect that Linde plc will post 15.52 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.17%. Linde’s dividend payout ratio is currently 42.31%.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of Linde 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 $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 is available through this link. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LIN shares. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Bank of America upped their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note 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 note on Tuesday, July 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde 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.