Linde plc (NYSE:LIN) Stock Position Lifted by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC grew its position in shares of Linde plc (NYSE:LIN) by 38.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,746 shares of the basic materials company’s stock after buying an additional 765 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Linde were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LIN. First Trust Advisors LP lifted its holdings in shares of Linde by 450.4% in the 1st quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock worth $2,581,000 after purchasing an additional 12,003 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Linde by 8.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 72,232 shares of the basic materials company’s stock worth $15,321,000 after purchasing an additional 5,419 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Linde by 35.8% in the 2nd quarter. Allworth Financial LP now owns 505 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 133 shares during the last quarter. Ledyard National Bank lifted its holdings in shares of Linde by 7.0% in the 2nd quarter. Ledyard National Bank now owns 3,137 shares of the basic materials company’s stock worth $666,000 after purchasing an additional 205 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its holdings in shares of Linde by 78.5% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 68,093 shares of the basic materials company’s stock worth $14,443,000 after purchasing an additional 29,949 shares during the last quarter. 73.90% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on LIN shares. Morgan Stanley raised their price target on Linde from $275.00 to $281.00 and gave the stock an “overweight” rating in a report on Monday, November 9th. Zacks Investment Research upgraded Linde from a “hold” rating to a “buy” rating and set a $293.00 target price on the stock in a research report on Thursday, November 12th. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Truist Financial raised their target price on Linde from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, BMO Capital Markets raised their target price on Linde from $280.00 to $293.00 and gave the company an “outperform” rating in a research report on Friday, November 6th. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Linde presently has an average rating of “Buy” and a consensus price target of $246.44.

NYSE LIN opened at $252.07 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $238.59 and its two-hundred day moving average is $228.92. The company has a market capitalization of $132.30 billion, a price-to-earnings ratio of 59.87, a PEG ratio of 2.74 and a beta of 0.73. Linde plc has a 1-year low of $146.71 and a 1-year high of $269.78.

Linde (NYSE:LIN) last released its quarterly earnings data on Thursday, November 5th. The basic materials company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.18. Linde had a return on equity of 8.27% and a net margin of 8.37%. On average, analysts predict that Linde plc will post 8.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a dividend of $0.963 per share. This represents a $3.85 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, December 2nd. Linde’s payout ratio is 52.45%.

In other news, VP Eduardo F. Menezes sold 23,256 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $263.12, for a total value of $6,119,118.72. Following the transaction, the vice president now directly owns 117,682 shares of the company’s stock, valued at approximately $30,964,487.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen F. Angel sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $262.91, for a total value of $14,722,960.00. Following the completion of the transaction, the chief executive officer now directly owns 461,817 shares in the company, valued at $121,416,307.47. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Linde Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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