Linde plc (NASDAQ:LIN) Stock Position Reduced by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Linde plc (NASDAQ:LIN) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,395 shares of the basic materials company’s stock after selling 160 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Linde were worth $10,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in shares of Linde during the second quarter worth $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Linde during the 2nd quarter worth about $33,000. Kozak & Associates Inc. acquired a new stake in shares of Linde during the 3rd quarter valued at about $34,000. J.Safra Asset Management Corp acquired a new stake in shares of Linde during the 2nd quarter valued at about $42,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Linde in the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on LIN shares. Barclays lifted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America lifted their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased 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. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $490.75.

Insiders Place Their Bets

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

Linde Trading Up 0.1 %

Shares of LIN stock opened at $456.24 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The firm’s fifty day simple moving average is $470.79 and its 200 day simple moving average is $452.58. The firm has a market capitalization of $217.24 billion, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

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 is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde’s dividend payout ratio is currently 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.