JustInvest LLC Purchases Shares of 1,511 Linde plc (NYSE:LIN)

JustInvest LLC purchased a new stake in shares of Linde plc (NYSE:LIN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,511 shares of the basic materials company’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LIN. First Trust Advisors LP grew its position in Linde by 450.4% during the first quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock valued at $2,581,000 after acquiring an additional 12,003 shares during the last quarter. APG Asset Management N.V. grew its position in Linde by 30.9% during the first quarter. APG Asset Management N.V. now owns 1,160,955 shares of the basic materials company’s stock valued at $200,845,000 after acquiring an additional 273,800 shares during the last quarter. Engineers Gate Manager LP grew its position in Linde by 50.0% during the first quarter. Engineers Gate Manager LP now owns 1,800 shares of the basic materials company’s stock valued at $311,000 after acquiring an additional 600 shares during the last quarter. S.E.E.D. Planning Group LLC grew its position in Linde by 5.2% during the second quarter. S.E.E.D. Planning Group LLC now owns 1,694 shares of the basic materials company’s stock valued at $359,000 after acquiring an additional 84 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Linde by 9.0% during the second quarter. Private Trust Co. NA now owns 3,038 shares of the basic materials company’s stock valued at $682,000 after acquiring an additional 251 shares during the last quarter. Institutional investors and hedge funds own 73.90% of the company’s stock.

Shares of Linde stock opened at $219.84 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $115.50 billion, a P/E ratio of 51.85, a P/E/G ratio of 2.68 and a beta of 0.73. The business has a fifty day simple moving average of $237.52 and a two-hundred day simple moving average of $222.25. Linde plc has a 12 month low of $146.71 and a 12 month high of $260.49.

Linde (NYSE:LIN) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.65 by $0.25. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.26 billion. Linde had a return on equity of 8.27% and a net margin of 8.37%. Analysts predict that Linde plc will post 7.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a $0.963 dividend. This represents a $3.85 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, December 2nd. Linde’s dividend payout ratio is presently 52.45%.

Several research analysts have recently issued reports on the stock. DZ Bank restated a “buy” rating on shares of Linde in a report on Monday, August 3rd. Morgan Stanley raised their target price on shares of Linde from $205.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Zacks Investment Research cut shares of Linde from a “buy” rating to a “hold” rating in a report on Friday. SunTrust Banks raised their price target on Linde from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Jefferies Financial Group raised their price target on Linde from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $238.11.

About Linde

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

Further Reading: Recession

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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