Linde plc (NASDAQ:LIN) Shares Acquired by Claro Advisors LLC

Claro Advisors LLC increased its stake in shares of Linde plc (NASDAQ:LIN) by 21.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,783 shares of the basic materials company’s stock after buying an additional 491 shares during the quarter. Claro Advisors LLC’s holdings in Linde were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays boosted their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average price target of $490.75.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Linde Stock Performance

LIN opened at $449.10 on Friday. The company has a market cap of $213.84 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.88 and a beta of 0.94. The firm’s fifty day simple moving average is $470.08 and its two-hundred day simple moving average is $452.72. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 52-week low of $396.07 and a 52-week 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 for the quarter, beating 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 firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period last year, the company posted $3.63 EPS. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts anticipate that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared 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. This represents a $5.56 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. 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.