Graypoint LLC Increases Stock Position in Linde plc (NASDAQ:LIN)

Graypoint LLC boosted its stake in shares of Linde plc (NASDAQ:LIN) by 13.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,999 shares of the basic materials company’s stock after buying an additional 460 shares during the quarter. Graypoint LLC’s holdings in Linde were worth $1,907,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Norden Group LLC purchased a new position in shares of Linde in the first quarter valued at approximately $315,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Linde by 4.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 37,838 shares of the basic materials company’s stock valued at $17,569,000 after purchasing an additional 1,553 shares during the period. Quantbot Technologies LP boosted its stake in shares of Linde by 104.9% in the first quarter. Quantbot Technologies LP now owns 3,777 shares of the basic materials company’s stock valued at $1,754,000 after purchasing an additional 1,934 shares during the period. Empowered Funds LLC boosted its stake in shares of Linde by 26.7% in the first quarter. Empowered Funds LLC now owns 6,468 shares of the basic materials company’s stock valued at $3,003,000 after purchasing an additional 1,365 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Linde in the first quarter valued at approximately $421,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity

In other 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 value of $4,639,068.75. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Up 0.6 %

LIN stock opened at $465.47 on Friday. 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 twelve month low of $389.14 and a twelve month high of $487.49. The company’s 50 day moving average is $472.12 and its two-hundred day moving average is $452.12. The stock has a market cap of $221.64 billion, a P/E ratio of 35.34, a PEG ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its earnings results 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 business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 EPS. Research analysts expect that Linde plc will post 15.47 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued 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 1.19%. Linde’s payout ratio is 42.22%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LIN. Citigroup raised their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America raised their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

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.