Linde plc (NASDAQ:LIN) Position Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Linde plc (NASDAQ:LIN) by 3.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,873,782 shares of the basic materials company’s stock after selling 76,979 shares during the period. Dimensional Fund Advisors LP owned approximately 0.39% of Linde worth $822,250,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Retirement Group LLC purchased a new position in Linde in the first quarter valued at about $25,000. Summit Securities Group LLC acquired a new position in Linde during the 2nd quarter valued at $28,000. Scarborough Advisors LLC bought a new stake in Linde in the 4th quarter valued at $30,000. Valued Wealth Advisors LLC grew its position in Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in shares of Linde by 44.4% during the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction 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 completion of the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective 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. Bank of America lifted their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Barclays boosted their price target 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. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Trading Up 0.3 %

LIN opened at $468.81 on Monday. The company’s 50 day moving average is $454.53 and its 200-day moving average is $448.66. The company has a market cap of $223.86 billion, a P/E ratio of 36.37, a PEG ratio of 2.91 and a beta of 0.94. Linde plc has a 1-year low of $361.02 and a 1-year 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.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.19%. Linde’s dividend payout ratio is currently 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.