Natixis Advisors LLC Has $283.38 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Natixis Advisors LLC raised its stake in Linde plc (NASDAQ:LIN) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 594,262 shares of the basic materials company’s stock after purchasing an additional 49,827 shares during the quarter. Linde makes up about 0.6% of Natixis Advisors LLC’s portfolio, making the stock its 27th biggest holding. Natixis Advisors LLC owned 0.12% of Linde worth $283,380,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LIN. Summit Securities Group LLC acquired a new stake in shares of Linde in the second quarter valued at approximately $28,000. Kozak & Associates Inc. acquired a new stake in Linde during the 3rd quarter valued at $34,000. Capital Performance Advisors LLP bought a new position in Linde during the third quarter worth $43,000. J.Safra Asset Management Corp acquired a new position in shares of Linde in the second quarter valued at $42,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of Linde by 133.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Bank of America lifted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Mizuho upped their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted 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. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $490.75.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 36.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

Linde Trading Down 1.0 %

LIN opened at $449.10 on Friday. 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 fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company’s 50 day moving average price is $470.08 and its two-hundred day moving average price is $452.64. The firm has a market capitalization of $213.84 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.63 earnings per share. As a group, research analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders 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 yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 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.