Guidance Capital Inc. Buys 37 Shares of Linde plc (NASDAQ:LIN)

Guidance Capital Inc. lifted its stake in Linde plc (NASDAQ:LIN) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,686 shares of the basic materials company’s stock after acquiring an additional 37 shares during the period. Guidance Capital Inc.’s holdings in Linde were worth $820,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LIN. National Bank of Canada FI lifted its stake in Linde by 46.9% during the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after purchasing an additional 15,393 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Linde by 40.7% in the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after buying an additional 2,337 shares during the period. Choate Investment Advisors increased its holdings in shares of Linde by 23.6% in the first quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock worth $8,366,000 after buying an additional 3,437 shares during the period. Norden Group LLC purchased a new position in shares of Linde in the first quarter worth about $5,041,000. Finally, Tidal Investments LLC increased its holdings in shares of Linde by 28.7% in the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,479 shares during the period. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on LIN. JPMorgan Chase & Co. lifted their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. UBS Group reduced their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Citigroup boosted their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. Finally, Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Linde Price Performance

LIN stock traded down $1.09 during trading on Wednesday, reaching $480.86. The company’s stock had a trading volume of 241,462 shares, compared to its average volume of 1,819,280. Linde plc has a 1 year low of $362.33 and a 1 year high of $487.49. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $229.61 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company’s fifty day moving average is $471.01 and its 200-day moving average is $450.80.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the prior year, the firm earned $3.57 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is 42.31%.

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.