Linde plc (NASDAQ:LIN) Position Increased by Holocene Advisors LP

Holocene Advisors LP raised its position in Linde plc (NASDAQ:LIN) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,908 shares of the basic materials company’s stock after purchasing an additional 9,213 shares during the quarter. Holocene Advisors LP’s holdings in Linde were worth $43,827,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LIN. Summit Securities Group LLC bought a new stake in shares of Linde in the 2nd quarter valued at approximately $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the second quarter valued at approximately $33,000. Kozak & Associates Inc. bought a new stake in Linde in the third quarter worth approximately $34,000. J.Safra Asset Management Corp acquired a new position in shares of Linde during the 2nd quarter worth $42,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Linde during the 3rd quarter valued at $43,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP John Panikar sold 10,025 shares of the 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 completion of the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 36.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on LIN shares. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho lifted their price target 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, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Seven equities research 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 company has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Linde Stock Down 0.3 %

NASDAQ LIN opened at $459.69 on Tuesday. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The stock has a market cap of $218.89 billion, a PE ratio of 34.90, a PEG ratio of 2.95 and a beta of 0.93. The firm has a 50-day simple moving average of $467.20 and a 200 day simple moving average of $454.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last announced 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 company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.63 EPS. On average, research analysts forecast that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders 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 dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Linde Company 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.