Linde plc (NASDAQ:LIN) Stock Holdings Decreased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its stake in shares of Linde plc (NASDAQ:LIN) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,714 shares of the basic materials company’s stock after selling 114 shares during the period. Marks Group Wealth Management Inc’s holdings in Linde were worth $1,294,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LIN. National Bank of Canada FI grew its holdings in shares of 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 valued at $20,593,000 after purchasing an additional 15,393 shares during the last quarter. Vident Advisory LLC grew its position in Linde by 40.7% in the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock valued at $3,750,000 after buying an additional 2,337 shares in the last quarter. Choate Investment Advisors increased its stake in Linde by 23.6% during the 1st quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock valued at $8,366,000 after buying an additional 3,437 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Linde by 4.4% during 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 buying an additional 2,312 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Linde by 28.7% in the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after acquiring an additional 4,479 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of LIN opened at $462.63 on Thursday. The company has a 50-day moving average of $472.12 and a two-hundred day moving average of $452.12. The stock has a market cap of $220.29 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 2.94 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. Linde plc has a one year low of $385.12 and a one year high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the previous year, the company posted $3.63 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that Linde plc will post 15.47 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

Insider Buying and Selling

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 0.00 % 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.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Bank of America lifted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Barclays boosted their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $490.75.

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.