Ieq Capital LLC Has $10.98 Million Stake in Linde plc (NASDAQ:LIN)

Ieq Capital LLC raised its position in shares of Linde plc (NASDAQ:LIN) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,018 shares of the basic materials company’s stock after acquiring an additional 2,817 shares during the period. Ieq Capital LLC’s holdings in Linde were worth $10,978,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in Linde by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after buying an additional 141,322 shares during the period. Douglass Winthrop Advisors LLC raised its stake in Linde by 2.0% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock valued at $2,168,000 after purchasing an additional 104 shares during the last quarter. Portfolio Design Labs LLC bought a new stake in Linde in the 4th quarter valued at $1,897,000. Cloverfields Capital Group LP acquired a new stake in Linde in the 4th quarter worth $718,000. Finally, National Bank of Canada FI increased its holdings 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. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. UBS Group lowered their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Bank of America upped their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Barclays lifted their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $484.18.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the business’s 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 directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Linde Price Performance

Shares of Linde stock opened at $469.17 on Friday. The stock has a market capitalization of $225.52 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 2.93 and a beta of 0.94. The firm’s 50-day moving average price is $457.45 and its two-hundred day moving average price is $449.27. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a 1-year low of $361.02 and a 1-year high of $479.79.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the company earned $3.57 EPS. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.19%. Linde’s dividend payout ratio (DPR) is 43.13%.

About Linde

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.