Mizuho Markets Americas LLC Has $6.06 Million Stake in Linde plc (NASDAQ:LIN)

Mizuho Markets Americas LLC cut its holdings in shares of Linde plc (NASDAQ:LIN) by 8.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,710 shares of the basic materials company’s stock after selling 1,120 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Linde were worth $6,061,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in shares of Linde in the second quarter worth approximately $28,000. Kozak & Associates Inc. acquired a new position in shares of Linde in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new stake in shares of Linde in the 3rd quarter valued at $43,000. J.Safra Asset Management Corp acquired a new stake in shares of Linde during the second quarter worth $42,000. Finally, Hazlett Burt & Watson Inc. raised its stake in Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock worth $44,000 after buying an additional 56 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on LIN shares. JPMorgan Chase & Co. upped their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Bank of America raised their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of Linde 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 in the company, valued at $8,136,996. This trade represents a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Linde Stock Down 1.0 %

LIN stock opened at $449.10 on Friday. The stock has a market cap of $213.84 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.88 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $470.08 and its two-hundred day simple moving average is $452.72. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion during 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%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.63 earnings per share. Analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors 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 annualized dividend and a yield of 1.24%. Linde’s 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.