Linde plc (NASDAQ:LIN) Shares Sold by Fort L.P.

Fort L.P. lessened its stake in shares of Linde plc (NASDAQ:LIN) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 634 shares of the basic materials company’s stock after selling 49 shares during the period. Linde accounts for approximately 0.8% of Fort L.P.’s investment portfolio, making the stock its 29th biggest position. Fort L.P.’s holdings in Linde were worth $302,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Trifecta Capital Advisors LLC grew its stake in Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares in the last quarter. Prentice Wealth Management LLC lifted its holdings in shares of Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 23 shares during the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after acquiring an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares in the last quarter. Finally, Nwam LLC lifted its holdings in Linde by 2.5% during the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock worth $421,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective 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. Bank of America lifted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Citigroup lifted their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $490.75.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the business’s 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 transaction, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Linde Stock Up 0.3 %

NASDAQ:LIN traded up $1.16 during midday trading on Friday, hitting $457.31. 2,347,398 shares of the company were exchanged, compared to its average volume of 1,574,533. The company has a fifty day simple moving average of $472.87 and a 200 day simple moving average of $451.86. Linde plc has a fifty-two week low of $385.12 and a fifty-two week high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $218.37 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted 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. 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 quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 earnings per share. As a group, equities analysts anticipate that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. 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.