Impax Asset Management Group plc Buys 56,775 Shares of Linde plc (NASDAQ:LIN)

Impax Asset Management Group plc lifted its stake in shares of Linde plc (NASDAQ:LIN) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,374,339 shares of the basic materials company’s stock after buying an additional 56,775 shares during the period. Linde comprises approximately 4.5% of Impax Asset Management Group plc’s investment portfolio, making the stock its 2nd biggest position. Impax Asset Management Group plc owned approximately 0.50% of Linde worth $1,130,986,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Norden Group LLC bought a new position in Linde in the 1st quarter valued at approximately $315,000. Choreo LLC raised its stake in shares of Linde by 6.6% during the first quarter. Choreo LLC now owns 1,111 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 69 shares during the last quarter. Financial Counselors Inc. lifted its holdings in shares of Linde by 6.7% during the first quarter. Financial Counselors Inc. now owns 3,050 shares of the basic materials company’s stock worth $1,416,000 after purchasing an additional 191 shares during the period. Salomon & Ludwin LLC grew its stake in shares of Linde by 36.5% in the first quarter. Salomon & Ludwin LLC now owns 232 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 62 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Linde in the first quarter valued at $1,084,000. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was 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 in the company, valued at $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LIN has been the topic of several recent research reports. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday. Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, UBS Group dropped their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Stock Up 0.8 %

Shares of NASDAQ:LIN traded up $3.76 during mid-day trading on Monday, hitting $461.07. 278,510 shares of the company traded hands, compared to its average volume of 1,827,406. The stock has a 50-day moving average price of $472.87 and a two-hundred day moving average price of $451.90. Linde plc has a 12-month low of $385.12 and a 12-month high of $487.49. The stock has a market cap of $220.16 billion, a P/E ratio of 34.72, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.63 earnings per share. On average, equities research analysts forecast that Linde plc will post 15.52 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Linde 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.