UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.57 Billion Holdings in Linde plc (NASDAQ:LIN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Linde plc (NASDAQ:LIN) by 372.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,288,088 shares of the basic materials company’s stock after purchasing an additional 2,592,682 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.69% of Linde worth $1,567,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LIN. Strategic Wealth Partners Ltd. increased its stake in shares of Linde by 7.0% in the first quarter. Strategic Wealth Partners Ltd. now owns 1,297 shares of the basic materials company’s stock valued at $602,000 after buying an additional 85 shares during the period. LRI Investments LLC acquired a new stake in Linde during the 1st quarter valued at approximately $164,000. Sanibel Captiva Trust Company Inc. increased its position in Linde by 4.3% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 1,501 shares of the basic materials company’s stock valued at $697,000 after purchasing an additional 62 shares during the period. Atria Investments Inc raised its holdings in Linde by 1.4% during the 1st quarter. Atria Investments Inc now owns 25,790 shares of the basic materials company’s stock worth $11,975,000 after purchasing an additional 348 shares during the last quarter. Finally, Orleans Capital Management Corp LA acquired a new position in shares of Linde in the 1st quarter worth approximately $1,402,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

Shares of LIN opened at $457.12 on Thursday. The business’s fifty day moving average is $467.66 and its 200 day moving average is $454.02. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $217.66 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.63 earnings per share. Sell-side analysts anticipate that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. Linde’s dividend payout ratio (DPR) is currently 42.22%.

Insider Buying and Selling at Linde

In other 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 transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 36.31 % 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 hyperlink. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America boosted their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

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.