561 Shares in Linde plc (NASDAQ:LIN) Acquired by XY Capital Ltd

XY Capital Ltd purchased a new position in Linde plc (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 561 shares of the basic materials company’s stock, valued at approximately $268,000. Linde comprises 0.1% of XY Capital Ltd’s holdings, making the stock its 28th biggest holding.

Several other institutional investors also recently modified their holdings of LIN. Summit Securities Group LLC acquired a new stake in Linde during the 2nd quarter worth about $28,000. Kozak & Associates Inc. purchased a new stake in shares of Linde in the 3rd quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in Linde in the 3rd quarter worth approximately $43,000. J.Safra Asset Management Corp purchased a new position in Linde during the 2nd quarter worth approximately $42,000. Finally, Hazlett Burt & Watson Inc. raised its stake in Linde by 133.3% during the 2nd 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 own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction dated 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 transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research analyst reports. Bank of America lifted 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. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Citigroup upped their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Stock Down 1.3 %

Shares of LIN stock opened at $459.48 on Friday. The company has a market capitalization of $218.79 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 2.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock’s 50 day simple moving average is $471.60 and its 200 day simple moving average is $452.30. Linde plc has a twelve month low of $390.38 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for 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%. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $3.63 earnings per share. As a group, research analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

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

Linde Company 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.