Laffer Tengler Investments Inc. Boosts Stock Position in Linde plc (NASDAQ:LIN)

Laffer Tengler Investments Inc. boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,356 shares of the basic materials company’s stock after purchasing an additional 54 shares during the period. Laffer Tengler Investments Inc.’s holdings in Linde were worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. National Bank of Canada FI raised its holdings in shares of Linde by 46.9% during the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after acquiring an additional 15,393 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Linde by 40.7% in the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after purchasing an additional 2,337 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Linde by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after purchasing an additional 2,312 shares in the last quarter. Tidal Investments LLC increased its position in shares of Linde by 28.7% during the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock valued at $9,319,000 after buying an additional 4,479 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Linde by 3.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock worth $22,616,000 after buying an additional 1,564 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

LIN traded up $1.33 during midday trading on Monday, hitting $460.81. 204,197 shares of the company traded hands, compared to its average volume of 1,828,195. The company’s 50-day moving average is $471.60 and its 200 day moving average is $452.40. Linde plc has a 52 week low of $395.00 and a 52 week high of $487.49. The firm has a market capitalization of $219.42 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) 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 analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $3.63 earnings per share. On average, research analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Bank of America lifted 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. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate 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.