Alpha Family Trust Trims Stock Position in Linde plc (NASDAQ:LIN)

Alpha Family Trust cut its holdings in shares of Linde plc (NASDAQ:LIN) by 31.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,805 shares of the basic materials company’s stock after selling 825 shares during the quarter. Alpha Family Trust’s holdings in Linde were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in shares of Linde by 46.9% in the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after purchasing an additional 15,393 shares during the period. Vident Advisory LLC raised its holdings 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 raised its holdings in shares of Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after purchasing an additional 2,312 shares during the period. Tidal Investments LLC raised its holdings in shares of Linde by 28.7% in the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock worth $9,319,000 after purchasing an additional 4,479 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Linde by 3.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock worth $22,616,000 after purchasing an additional 1,564 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LIN shares. Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America raised their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Price Performance

Shares of NASDAQ LIN opened at $449.10 on Friday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The business has a 50 day moving average price of $470.08 and a two-hundred day moving average price of $452.72. 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 firm has a market cap of $213.84 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94.

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

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.24%. Linde’s payout ratio is 42.22%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of Linde 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 owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

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.