XY Capital Ltd Invests $268,000 in Linde plc (NASDAQ:LIN)

XY Capital Ltd acquired a new stake in Linde plc (NASDAQ:LIN) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 561 shares of the basic materials company’s stock, valued at approximately $268,000. Linde comprises approximately 0.1% of XY Capital Ltd’s holdings, making the stock its 28th biggest position.

Several other hedge funds have also modified their holdings of LIN. Clearbridge Investments LLC raised its stake in shares of Linde by 566.9% during the first 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 during the last quarter. Swedbank AB acquired a new stake in shares of Linde in the second quarter valued at approximately $420,720,000. International Assets Investment Management LLC increased its stake in Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after buying an additional 934,123 shares during the last quarter. ProShare Advisors LLC lifted its position in Linde by 91.6% during the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after buying an additional 463,096 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in Linde during the 1st quarter worth about $210,480,000. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the 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 directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

LIN has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $459.48 on Friday. Linde plc has a 12-month low of $390.38 and a 12-month high of $487.49. The company’s 50 day moving average price is $471.60 and its two-hundred day moving average price is $452.30. The firm has a market cap of $218.79 billion, a PE ratio of 34.89, a PEG ratio of 2.96 and a beta of 0.94. 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 (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the business posted $3.63 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

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 given a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.21%. Linde’s dividend payout ratio is presently 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.