Linde plc (NASDAQ:LIN) Stock Position Boosted by Northwest & Ethical Investments L.P.

by · The Markets Daily

Northwest & Ethical Investments L.P. boosted its holdings in Linde plc (NASDAQ:LIN – Free Report) by 7.2% during the third quarter, Holdings Channel reports. The institutional investor owned 101,254 shares of the basic materials company’s stock after buying an additional 6,844 shares during the period. Linde makes up 1.3% of Northwest & Ethical Investments L.P.’s portfolio, making the stock its 9th biggest holding. Northwest & Ethical Investments L.P.’s holdings in Linde were worth $48,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. Swedbank AB acquired a new position in Linde during the second quarter valued at approximately $420,720,000. International Assets Investment Management LLC grew its stake in Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after buying an additional 934,123 shares during the period. AMF Tjanstepension AB increased its position in shares of Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Linde by 131.6% in the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after acquiring an additional 353,136 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction 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 owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Linde Stock Performance

Shares of NASDAQ LIN traded up $0.52 during mid-day trading on Thursday, hitting $457.12. The company had a trading volume of 2,069,113 shares, compared to its average volume of 1,851,885. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The stock has a market cap of $217.66 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $467.66 and its two-hundred day simple moving average is $454.02.

Linde (NASDAQ:LIN – Get Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $3.63 earnings per share. As a group, equities research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Analyst Ratings Changes

A number of analysts recently weighed in on LIN shares. Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Read Our Latest Stock Analysis on LIN

Linde Profile

(Free Report)

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.

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