Rockland Trust Co. grew its holdings in shares of Linde PLC (NYSE:LIN) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,688 shares of the basic materials company’s stock after acquiring an additional 1,686 shares during the period. Rockland Trust Co.’s holdings in Linde were worth $12,313,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Amundi Pioneer Asset Management Inc. grew its stake in Linde by 33,491.9% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock worth $863,366,000 after purchasing an additional 4,892,828 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Linde in the first quarter valued at approximately $233,000. Meiji Yasuda Life Insurance Co boosted its stake in Linde by 21.7% in the first quarter. Meiji Yasuda Life Insurance Co now owns 4,971 shares of the basic materials company’s stock valued at $875,000 after acquiring an additional 886 shares during the period. Alera Investment Advisors LLC boosted its stake in Linde by 50.9% in the first quarter. Alera Investment Advisors LLC now owns 243 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 82 shares during the period. Finally, GYL Financial Synergies LLC boosted its stake in Linde by 162.4% in the first quarter. GYL Financial Synergies LLC now owns 3,713 shares of the basic materials company’s stock valued at $653,000 after acquiring an additional 2,298 shares during the period. Institutional investors own 73.81% of the company’s stock.
LIN has been the subject of a number of research reports. ValuEngine downgraded Linde from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. UBS Group restated a “buy” rating on shares of Linde in a research note on Friday, July 12th. DZ Bank restated a “buy” rating on shares of Linde in a research note on Monday, July 22nd. JPMorgan Chase & Co. lifted their target price on Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Linde in a research note on Friday, June 21st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. Linde currently has an average rating of “Buy” and an average target price of $201.83.
Shares of LIN traded up $3.88 during mid-day trading on Friday, reaching $195.11. 12,007 shares of the company’s stock traded hands, compared to its average volume of 1,463,539. The business’s 50-day moving average price is $188.93 and its 200-day moving average price is $189.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02. Linde PLC has a 12 month low of $145.95 and a 12 month high of $206.82.
Linde (NYSE:LIN) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.08. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Linde had a return on equity of 12.10% and a net margin of 19.45%. On average, analysts predict that Linde PLC will post 7.13 earnings per share for the current year.
The firm also recently declared a dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.875 per share. The ex-dividend date of this dividend was Friday, August 30th.
In other news, VP Bernd Hugo Eulitz sold 335 shares of Linde stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $186.43, for a total transaction of $62,454.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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