Mizuho Markets Americas LLC Has $6.06 Million Stock Position in Linde plc (NASDAQ:LIN)

Mizuho Markets Americas LLC cut its stake in shares of Linde plc (NASDAQ:LIN) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,710 shares of the basic materials company’s stock after selling 1,120 shares during the period. Mizuho Markets Americas LLC’s holdings in Linde were worth $6,061,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LIN. Clearbridge Investments LLC grew its stake in shares of Linde by 566.9% in the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after buying an additional 1,558,538 shares in the last quarter. Swedbank AB acquired a new stake in Linde in the second quarter valued at $420,720,000. International Assets Investment Management LLC grew its position in shares of Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of Linde during the 1st quarter worth about $210,480,000. Finally, AMF Tjanstepension AB raised its holdings in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on LIN. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted 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. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays lifted their price objective 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. Finally, Bank of America increased their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Stock Down 1.0 %

NASDAQ LIN opened at $449.10 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The company has a market cap of $213.84 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.88 and a beta of 0.94. The company has a 50 day moving average of $470.08 and a 200-day moving average of $452.72. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results 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 the consensus estimate of $8.39 billion. During the same period in the prior year, the company posted $3.63 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities research 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. This represents a $5.56 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is presently 42.22%.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated 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. The trade was a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by 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.