Fiera Capital Corp Has $226.12 Million Stock Position in Linde plc (NASDAQ:LIN)

Fiera Capital Corp reduced its stake in shares of Linde plc (NASDAQ:LIN) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,175 shares of the basic materials company’s stock after selling 20,323 shares during the quarter. Fiera Capital Corp owned 0.10% of Linde worth $226,115,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Linde by 0.9% in the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after purchasing an additional 405,952 shares during the period. Ameriprise Financial Inc. raised its position in Linde by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after purchasing an additional 15,187 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Linde by 7.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after purchasing an additional 218,746 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock worth $1,130,986,000 after buying an additional 56,775 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Linde by 8.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock valued at $874,908,000 after buying an additional 160,355 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted 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. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Barclays raised their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Citigroup boosted their target price 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. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Linde Stock Down 1.0 %

LIN stock traded down $4.73 during mid-day trading on Friday, reaching $460.74. The company had a trading volume of 320,463 shares, compared to its average volume of 1,830,401. Linde plc has a 52 week low of $390.38 and a 52 week high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a 50 day simple moving average of $472.12 and a two-hundred day simple moving average of $452.12. The company has a market capitalization of $219.39 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.94 and a beta of 0.94.

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

Insider Activity

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

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.