Linde plc (NASDAQ:LIN) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Linde plc (NASDAQ:LIN) by 15.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,768 shares of the basic materials company’s stock after acquiring an additional 2,670 shares during the period. Intech Investment Management LLC’s holdings in Linde were worth $8,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Lokken Investment Group LLC boosted its stake in Linde by 13.6% in the second quarter. Lokken Investment Group LLC now owns 2,329 shares of the basic materials company’s stock valued at $1,022,000 after acquiring an additional 279 shares in the last quarter. Elo Mutual Pension Insurance Co purchased a new stake in shares of Linde in the second quarter valued at about $18,463,000. Waterloo Capital L.P. raised its holdings in shares of Linde by 15.8% in the second quarter. Waterloo Capital L.P. now owns 908 shares of the basic materials company’s stock valued at $398,000 after buying an additional 124 shares during the last quarter. O Brien Greene & Co. Inc raised its holdings in shares of Linde by 2.4% in the second quarter. O Brien Greene & Co. Inc now owns 1,547 shares of the basic materials company’s stock valued at $679,000 after buying an additional 36 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Linde by 9.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,388 shares of the basic materials company’s stock valued at $17,695,000 after buying an additional 3,321 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LIN shares. JPMorgan Chase & Co. upped their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. Bank of America upped their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group reduced their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Citigroup increased their price target 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average price target of $484.18.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Linde Trading Up 0.6 %

Shares of Linde stock opened at $471.91 on Friday. Linde plc has a 12-month low of $361.02 and a 12-month high of $479.79. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a market cap of $225.34 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 2.97 and a beta of 0.94. The company has a 50-day moving average of $458.07 and a two-hundred day moving average of $449.38.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period last year, the company posted $3.57 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.18%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

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.