Linde plc (NASDAQ:LIN) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP increased its holdings in shares of Linde plc (NASDAQ:LIN) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,908 shares of the basic materials company’s stock after acquiring an additional 9,213 shares during the quarter. Holocene Advisors LP’s holdings in Linde were worth $43,827,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LIN. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after acquiring an additional 2,312 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Linde by 3.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock valued at $22,616,000 after buying an additional 1,564 shares during the last quarter. Waverton Investment Management Ltd boosted its position in shares of Linde by 0.9% during the third quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock worth $93,457,000 after buying an additional 1,811 shares during the period. M&G Plc boosted its position in shares of Linde by 1.2% during the second quarter. M&G Plc now owns 185,903 shares of the basic materials company’s stock worth $81,611,000 after buying an additional 2,252 shares during the period. Finally, Townsquare Capital LLC grew its holdings in Linde by 16.8% in the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after buying an additional 1,383 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ LIN opened at $459.69 on Tuesday. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The stock has a market capitalization of $218.89 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 2.95 and a beta of 0.93. 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’s fifty day simple moving average is $467.20 and its 200 day simple moving average is $454.55.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LIN. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America upped their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays upped their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated 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 transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 36.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.