Claro Advisors LLC Increases Holdings in Linde plc (NASDAQ:LIN)

Claro Advisors LLC increased its stake in Linde plc (NASDAQ:LIN) by 21.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,783 shares of the basic materials company’s stock after acquiring an additional 491 shares during the period. Claro Advisors LLC’s holdings in Linde were worth $1,327,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in shares of Linde in the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde during the second quarter valued at approximately $33,000. Kozak & Associates Inc. bought a new position in shares of Linde during the third quarter valued at approximately $34,000. J.Safra Asset Management Corp purchased a new stake in shares of Linde in the second quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Linde during the 3rd quarter worth approximately $43,000. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the company’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 transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 36.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on LIN shares. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research 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 stock an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays upped their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Linde Trading Down 1.0 %

Shares of NASDAQ:LIN opened at $449.10 on Friday. The company has a market capitalization of $213.84 billion, a PE ratio of 34.10, a P/E/G ratio of 2.88 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The business’s fifty day simple moving average is $470.08 and its 200-day simple moving average is $452.72.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.63 earnings per share. As a group, equities research analysts predict 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. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. 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.