Lifeworks Advisors LLC Grows Holdings in Linde plc (NASDAQ:LIN)

Lifeworks Advisors LLC grew its stake in Linde plc (NASDAQ:LIN) by 13.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,029 shares of the basic materials company’s stock after buying an additional 125 shares during the quarter. Lifeworks Advisors LLC’s holdings in Linde were worth $490,000 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 the stock. Tokio Marine Asset Management Co. Ltd. grew its stake in Linde by 4.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,625 shares of the basic materials company’s stock worth $8,882,000 after buying an additional 824 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Linde by 0.6% in the 3rd quarter. Metis Global Partners LLC now owns 23,032 shares of the basic materials company’s stock worth $10,983,000 after acquiring an additional 130 shares during the last quarter. Curi RMB Capital LLC lifted its holdings in shares of Linde by 25.9% in the 3rd quarter. Curi RMB Capital LLC now owns 2,306 shares of the basic materials company’s stock worth $1,100,000 after acquiring an additional 475 shares during the last quarter. KBC Group NV lifted its holdings in shares of Linde by 131.6% in the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after acquiring an additional 353,136 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Linde by 4.3% in the 3rd quarter. Huntington National Bank now owns 188,642 shares of the basic materials company’s stock worth $89,956,000 after acquiring an additional 7,813 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling 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 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays upped their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Trading Down 0.6 %

NASDAQ:LIN opened at $453.49 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 50-day moving average price of $470.47 and a 200-day moving average price of $452.61. The stock has a market cap of $215.93 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 2.92 and a beta of 0.94. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly 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 during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $3.63 EPS. Equities analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.23%. Linde’s payout ratio is 42.22%.

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.