MAI Capital Management Has $13.78 Million Holdings in Linde plc (NASDAQ:LIN)

MAI Capital Management lifted its position in shares of Linde plc (NASDAQ:LIN) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,890 shares of the basic materials company’s stock after purchasing an additional 521 shares during the quarter. MAI Capital Management’s holdings in Linde were worth $13,777,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction 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 transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 36.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LIN shares. Deutsche Bank Aktiengesellschaft lifted 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 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. Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America upped their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Stock Performance

Shares of LIN opened at $448.57 on Tuesday. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. 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 $213.59 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. The stock has a 50-day moving average price of $469.79 and a 200-day moving average price of $453.00.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm posted $3.63 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.24%. Linde’s dividend payout ratio is 42.22%.

Linde Company 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.