Linde plc (NASDAQ:LIN) Shares Sold by Swedbank AB

Swedbank AB lowered its holdings in shares of Linde plc (NASDAQ:LIN) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 892,344 shares of the basic materials company’s stock after selling 66,432 shares during the period. Swedbank AB owned about 0.19% of Linde worth $425,523,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LIN. Clearbridge Investments LLC lifted its holdings in Linde by 566.9% in the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after purchasing an additional 1,558,538 shares in the last quarter. ProShare Advisors LLC boosted its position in Linde by 91.6% during the first quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after acquiring an additional 463,096 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in Linde in the 1st quarter valued at $210,480,000. AMF Tjanstepension AB lifted its stake in shares of Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Linde by 0.9% in the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after purchasing an additional 405,952 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

Linde Stock Up 0.9 %

NASDAQ LIN traded up $4.06 on Tuesday, hitting $481.64. 686,289 shares of the stock traded hands, compared to its average volume of 1,838,599. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $466.53 and a 200 day moving average of $449.90. Linde plc has a twelve month low of $361.02 and a twelve month high of $483.36. The company has a market capitalization of $231.51 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. The firm 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%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $3.57 earnings per share. As a group, analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.15%. Linde’s dividend payout ratio (DPR) is 43.13%.

Analyst Ratings Changes

LIN has been the subject of several recent analyst reports. Barclays lifted 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 increased their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup boosted their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $484.18.

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.