GSA Capital Partners LLP Buys New Position in Linde plc (NASDAQ:LIN)

GSA Capital Partners LLP acquired a new stake in shares of Linde plc (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,684 shares of the basic materials company’s stock, valued at approximately $1,280,000.

Other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Linde during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new position in Linde during the second quarter valued at $33,000. Kozak & Associates Inc. purchased a new stake in shares of Linde in the 3rd quarter worth about $34,000. J.Safra Asset Management Corp bought a new position in shares of Linde in the 2nd quarter worth about $42,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Linde in the 3rd quarter worth about $43,000. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LIN. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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, November 1st. Bank of America upped 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. Finally, 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. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 36.31 % decrease in their ownership of the stock. 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.

Linde Trading Down 0.6 %

Linde stock opened at $453.49 on Friday. The business has a 50-day simple moving average of $470.47 and a two-hundred day simple moving average of $452.61. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a market cap of $215.93 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.92 and a beta of 0.94.

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

Linde Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.23%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

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.