Linde plc (NASDAQ:LIN) Holdings Lowered by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC decreased its stake in Linde plc (NASDAQ:LIN) by 2.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 121,171 shares of the basic materials company’s stock after selling 2,900 shares during the quarter. Linde accounts for about 3.5% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Wilkinson Global Asset Management LLC’s holdings in Linde were worth $57,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LIN. National Bank of Canada FI grew its holdings in shares of Linde by 46.9% during the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after buying an additional 15,393 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Linde by 40.7% in the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after purchasing an additional 2,337 shares in the last quarter. Choate Investment Advisors grew its position in Linde by 23.6% during the first quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock valued at $8,366,000 after purchasing an additional 3,437 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after buying an additional 2,312 shares during the period. Finally, Tidal Investments LLC lifted its position in Linde by 28.7% in the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after buying an additional 4,479 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $462.63 on Thursday. 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 business has a 50 day moving average price of $472.12 and a 200 day moving average price of $452.12. The company has a market cap of $220.29 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 2.94 and a beta of 0.94. Linde plc has a twelve month low of $385.12 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the business earned $3.63 earnings per share. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that Linde plc will post 15.47 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.20%. Linde’s dividend payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Bank of America increased their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Barclays boosted their target price on shares of 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. lifted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated 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 sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

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.