Winslow Asset Management Inc. Increases Stock Position in Linde plc (NASDAQ:LIN)

Winslow Asset Management Inc. raised its stake in Linde plc (NASDAQ:LIN) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,163 shares of the basic materials company’s stock after buying an additional 71 shares during the period. Linde comprises about 1.6% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Winslow Asset Management Inc.’s holdings in Linde were worth $8,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in LIN. Avantax Advisory Services Inc. raised its holdings in shares of Linde by 4.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 20,203 shares of the basic materials company’s stock valued at $9,381,000 after buying an additional 820 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Linde in the 1st quarter valued at $1,226,000. State Board of Administration of Florida Retirement System grew its holdings in shares of Linde by 3.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 537,793 shares of the basic materials company’s stock valued at $249,708,000 after purchasing an additional 16,206 shares during the last quarter. Interchange Capital Partners LLC lifted its stake in Linde by 8.4% in the first quarter. Interchange Capital Partners LLC now owns 544 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 42 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its position in Linde by 32.5% during the first quarter. Angeles Wealth Management LLC now owns 2,416 shares of the basic materials company’s stock valued at $1,122,000 after buying an additional 593 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

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 transaction of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Linde Stock Performance

Shares of LIN opened at $456.44 on Tuesday. Linde plc has a one year low of $395.00 and a one year high of $487.49. The company has a 50-day simple moving average of $471.16 and a two-hundred day simple moving average of $452.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a market capitalization of $217.34 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share 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 revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 earnings per share. On average, analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal 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 of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. Linde’s payout ratio is 42.22%.

Analysts Set New Price Targets

Several research analysts have recently commented on LIN shares. BMO Capital Markets lifted their price objective 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 price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $490.75.

About Linde

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.