Winslow Asset Management Inc. Purchases 71 Shares of Linde plc (NASDAQ:LIN)

Winslow Asset Management Inc. lifted its position in Linde plc (NASDAQ:LIN) by 0.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,163 shares of the basic materials company’s stock after acquiring 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 holding. Winslow Asset Management Inc.’s holdings in Linde were worth $8,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LIN. Clearbridge Investments LLC increased 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 worth $851,314,000 after buying an additional 1,558,538 shares in the last quarter. Swedbank AB bought a new stake in shares of Linde in the second quarter worth approximately $420,720,000. International Assets Investment Management LLC raised its holdings in shares of Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after purchasing an additional 934,123 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Linde during the first quarter valued at approximately $210,480,000. Finally, AMF Tjanstepension AB lifted its position in Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $456.44 on Tuesday. The company has a market capitalization of $217.34 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.94 and a beta of 0.94. Linde plc has a 1-year low of $395.00 and a 1-year high of $487.49. The firm’s 50 day simple moving average is $471.16 and its two-hundred day simple moving average is $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.

Linde (NASDAQ:LIN) last released its 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. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 EPS. Research analysts expect that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Barclays increased their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

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.