Frank Rimerman Advisors LLC Has $1.87 Million Position in Linde plc (NASDAQ:LIN)

Frank Rimerman Advisors LLC lowered its holdings in Linde plc (NASDAQ:LIN) by 28.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,928 shares of the basic materials company’s stock after selling 1,535 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Linde were worth $1,873,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Linde by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after purchasing an additional 405,952 shares during the period. Ameriprise Financial Inc. boosted its holdings in Linde by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after acquiring an additional 15,187 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Linde by 7.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after acquiring an additional 218,746 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Linde by 8.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock worth $874,908,000 after acquiring an additional 160,355 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Linde by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock worth $906,730,000 after acquiring an additional 23,155 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction on 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 sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Linde Price Performance

LIN opened at $473.76 on Friday. The stock has a fifty day simple moving average of $472.24 and a two-hundred day simple moving average of $451.19. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a market cap of $226.22 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. Linde plc has a 12-month low of $366.12 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the firm posted $3.57 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts predict that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio (DPR) is presently 42.31%.

Analysts Set New Price Targets

A number of research firms have issued reports on LIN. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America lifted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group lowered their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and set 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $484.18.

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.