Anchor Investment Management LLC Has $1.35 Million Stock Position in Linde plc (NASDAQ:LIN)

Anchor Investment Management LLC increased its stake in shares of Linde plc (NASDAQ:LIN) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,831 shares of the basic materials company’s stock after buying an additional 175 shares during the period. Anchor Investment Management LLC’s holdings in Linde were worth $1,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in 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. Townsquare Capital LLC lifted its position in Linde by 16.8% during the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after purchasing an additional 1,383 shares during the period. Waverton Investment Management Ltd lifted its position in Linde by 0.9% during the 3rd quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock valued at $93,457,000 after purchasing an additional 1,811 shares during the period. Atom Investors LP lifted its position in Linde by 19.8% during the 3rd quarter. Atom Investors LP now owns 12,269 shares of the basic materials company’s stock valued at $5,851,000 after purchasing an additional 2,028 shares during the period. Finally, M&G PLC lifted its position in Linde by 2.5% during the 3rd quarter. M&G PLC now owns 190,615 shares of the basic materials company’s stock valued at $90,923,000 after purchasing an additional 4,712 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $438.50 on Friday. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The business has a 50 day simple moving average of $462.81 and a 200 day simple moving average of $455.36. The stock has a market cap of $208.80 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.82 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the firm posted $3.63 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Analysts anticipate that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is presently 42.22%.

Analyst Ratings Changes

LIN has been the topic of a number of research reports. BMO Capital Markets upped their target price 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. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $490.75.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

About Linde

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.