Forbes J M & Co. LLP Has $17.49 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Forbes J M & Co. LLP lessened its stake in shares of Linde plc (NASDAQ:LIN) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,668 shares of the basic materials company’s stock after selling 175 shares during the period. Linde accounts for 1.7% of Forbes J M & Co. LLP’s portfolio, making the stock its 17th largest holding. Forbes J M & Co. LLP’s holdings in Linde were worth $17,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LIN. National Bank of Canada FI boosted its stake in Linde by 46.9% during the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after purchasing an additional 15,393 shares during the period. Vident Advisory LLC grew its stake in shares of Linde by 40.7% in the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after acquiring an additional 2,337 shares during the last quarter. Choate Investment Advisors increased its position in Linde by 23.6% during the first quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock worth $8,366,000 after acquiring an additional 3,437 shares during the period. Norden Group LLC acquired a new position in Linde during the 1st quarter valued at $5,041,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after purchasing an additional 2,312 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of Linde stock traded up $2.75 during trading on Monday, reaching $476.51. The company’s stock had a trading volume of 222,279 shares, compared to its average volume of 1,816,958. 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 market capitalization of $227.53 billion, a P/E ratio of 36.16, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. Linde plc has a one year low of $373.69 and a one year high of $487.49. The stock has a 50-day moving average price of $472.24 and a two-hundred day moving average price of $451.20.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the firm earned $3.57 earnings per share. Linde’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.17%. Linde’s payout ratio is presently 42.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LIN shares. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Citigroup increased their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Bank of America lifted their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Barclays increased their price target 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Insider Activity

In other Linde 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 sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

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.