Linde PLC $LIN Shares Newly Purchased by Nottingham Advisors Inc.

Nottingham Advisors Inc. acquired a new stake in shares of Linde PLC (NASDAQ:LIN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,160 shares of the basic materials company’s stock, valued at approximately $1,045,000.

A number of other large investors also recently bought and sold shares of LIN. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Linde in the 3rd quarter worth about $611,786,000. Flossbach Von Storch SE bought a new stake in Linde during the 2nd quarter worth approximately $438,525,000. State Street Corp lifted its position in shares of Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock valued at $10,558,016,000 after acquiring an additional 719,052 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Linde by 162.9% in the first quarter. Hsbc Holdings PLC now owns 1,097,110 shares of the basic materials company’s stock worth $543,951,000 after buying an additional 679,738 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Linde by 394.8% during the first quarter. Renaissance Technologies LLC now owns 629,820 shares of the basic materials company’s stock valued at $312,240,000 after buying an additional 502,520 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of LIN opened at $519.72 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The company has a market cap of $239.58 billion, a P/E ratio of 34.53, a PEG ratio of 2.96 and a beta of 0.71. The firm’s 50 day moving average price is $484.17 and its 200 day moving average price is $492.74. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.07. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the previous year, the company posted $4.21 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts forecast that Linde PLC will post 17.88 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.52%.

Analyst Ratings Changes

LIN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Linde in a research report on Monday, October 5th. KeyCorp raised their target price on shares of Linde from $542.00 to $545.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank Of Canada lifted their price objective on shares of Linde from $549.00 to $568.00 and gave the company an “outperform” rating in a research note on Friday. Finally, UBS Group upped their target price on Linde from $574.00 to $585.00 and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $553.05.

Linde Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.