Compagnie Lombard Odier SCmA Has $239.04 Million Stock Position in Linde plc (NASDAQ:LIN)

Compagnie Lombard Odier SCmA raised its holdings in shares of Linde plc (NASDAQ:LIN) by 1.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 501,280 shares of the basic materials company’s stock after purchasing an additional 5,542 shares during the period. Linde accounts for 3.7% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 5th largest position. Compagnie Lombard Odier SCmA owned approximately 0.10% of Linde worth $239,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LIN. Retirement Group LLC purchased a new stake in Linde in the first quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in shares of Linde during the 2nd quarter worth $28,000. Scarborough Advisors LLC purchased a new position in shares of Linde during the 4th quarter valued at $30,000. Valued Wealth Advisors LLC lifted its stake in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares in the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in shares of Linde during the 2nd quarter valued at $42,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 1.0 %

Shares of NASDAQ LIN traded up $4.62 during trading hours on Friday, hitting $474.04. 1,105,320 shares of the stock were exchanged, compared to its average volume of 1,848,451. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $361.02 and a 12 month high of $483.36. The company has a market cap of $227.86 billion, a PE ratio of 36.78, a PEG ratio of 2.94 and a beta of 0.94. The firm has a fifty day moving average price of $465.85 and a 200-day moving average price of $449.92.

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

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup boosted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Barclays boosted their price objective 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. UBS Group lowered their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by 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.