Swiss National Bank Reduces Holdings in Linde plc (NASDAQ:LIN)

Swiss National Bank decreased its position in Linde plc (NASDAQ:LINFree Report) by 0.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,426,601 shares of the basic materials company’s stock after selling 400 shares during the period. Swiss National Bank’s holdings in Linde were worth $680,289,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LIN. National Bank of Canada FI boosted its position in shares of Linde by 46.9% during the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after purchasing an additional 15,393 shares during the period. Vident Advisory LLC lifted its holdings in Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after buying an additional 2,337 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after purchasing an additional 2,312 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Linde by 28.7% in the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock valued at $9,319,000 after purchasing an additional 4,479 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Linde by 3.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock valued at $22,616,000 after purchasing an additional 1,564 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Linde Trading Down 1.0 %

Shares of LIN stock opened at $449.10 on Friday. The company has a market capitalization of $213.84 billion, a price-to-earnings ratio of 34.10, a PEG 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 firm has a 50-day moving average price of $470.08 and a 200 day moving average price of $452.72. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49.

Linde (NASDAQ:LINGet Free Report) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the firm posted $3.63 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LIN. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays increased 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. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their target price 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. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Get Our Latest Stock Report on Linde

Linde Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc (NASDAQ:LINFree Report).

Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.