DekaBank Deutsche Girozentrale Sells 5,946 Shares of Linde plc (NASDAQ:LIN)

DekaBank Deutsche Girozentrale cut its holdings in Linde plc (NASDAQ:LIN) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 849,301 shares of the basic materials company’s stock after selling 5,946 shares during the quarter. Linde comprises 0.8% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 21st biggest position. DekaBank Deutsche Girozentrale’s holdings in Linde were worth $406,560,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LIN. Wealthcare Advisory Partners LLC lifted its position in Linde by 39.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,900 shares of the basic materials company’s stock valued at $882,000 after acquiring an additional 541 shares in the last quarter. Register Financial Advisors LLC bought a new stake in shares of Linde in the first quarter valued at about $62,000. OneAscent Financial Services LLC lifted its holdings in shares of Linde by 6.0% in the first quarter. OneAscent Financial Services LLC now owns 864 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 49 shares in the last quarter. Vicus Capital acquired a new position in shares of Linde during the first quarter worth about $504,000. Finally, Symphony Financial Ltd. Co. bought a new position in shares of Linde during the first quarter worth about $223,000. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LIN has been the topic of several research reports. Barclays boosted their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup raised their target price on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Bank of America lifted their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. UBS Group reduced their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Activity

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Linde Price Performance

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

Linde (NASDAQ:LIN) last issued its quarterly 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. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. Linde’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $3.57 earnings per share. As a group, research analysts expect that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.17%. Linde’s dividend payout ratio (DPR) is currently 42.31%.

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.