Catalina Capital Group LLC Has $782,000 Holdings in Linde plc (NASDAQ:LIN)

Catalina Capital Group LLC raised its stake in Linde plc (NASDAQ:LIN) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,640 shares of the basic materials company’s stock after buying an additional 201 shares during the quarter. Catalina Capital Group LLC’s holdings in Linde were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on LIN shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group reduced their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Citigroup boosted their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, 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. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Linde Trading Down 0.7 %

Shares of NASDAQ:LIN opened at $454.89 on Wednesday. The stock has a market cap of $216.60 billion, a PE ratio of 34.54, a P/E/G ratio of 2.90 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $385.12 and a 12-month high of $487.49. The business has a 50 day moving average of $472.32 and a 200-day moving average of $452.04.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the business posted $3.63 earnings per share. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Linde plc will post 15.49 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared 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. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.22%.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was 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 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 Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company insiders.

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.