James Hambro & Partners LLP Has $136.61 Million Stake in Linde plc (NASDAQ:LIN)

James Hambro & Partners LLP boosted its stake in Linde plc (NASDAQ:LIN) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,546 shares of the basic materials company’s stock after acquiring an additional 7,267 shares during the period. Linde accounts for 5.7% of James Hambro & Partners LLP’s portfolio, making the stock its 4th largest position. James Hambro & Partners LLP owned approximately 0.06% of Linde worth $136,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its position in shares of Linde by 566.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after acquiring an additional 1,558,538 shares in the last quarter. Swedbank AB bought a new stake in Linde during the second quarter valued at $420,720,000. ProShare Advisors LLC raised its holdings in shares of Linde by 91.6% during the first quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after purchasing an additional 463,096 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Linde during the first quarter worth $210,480,000. Finally, AMF Tjanstepension AB lifted its position in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after buying an additional 408,659 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LIN shares. Bank of America increased their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Barclays boosted their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Citigroup upped their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Price Performance

Linde stock traded down $4.28 during mid-day trading on Monday, hitting $482.17. The company’s stock had a trading volume of 396,111 shares, compared to its average volume of 1,825,674. The stock has a market capitalization of $231.77 billion, a P/E ratio of 37.74, a P/E/G ratio of 2.99 and a beta of 0.94. Linde plc has a twelve month low of $361.02 and a twelve month high of $487.49. The stock’s fifty day moving average price is $469.63 and its two-hundred day moving average price is $450.50. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the previous year, the firm earned $3.57 earnings per share. Linde’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts forecast that Linde plc will post 15.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is 43.13%.

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.