Victory Capital Management Inc. Has $181.43 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Victory Capital Management Inc. decreased its position in Linde plc (NASDAQ:LIN) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 380,465 shares of the basic materials company’s stock after selling 10,939 shares during the period. Victory Capital Management Inc. owned 0.08% of Linde worth $181,429,000 at the end of the most recent quarter.

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

Insider Activity

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Linde Trading Down 0.2 %

Shares of NASDAQ:LIN opened at $455.59 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $216.93 billion, a PE ratio of 34.59, a P/E/G ratio of 2.92 and a beta of 0.94. The business has a 50 day moving average of $471.16 and a 200-day moving average of $452.49. Linde plc has a 12-month low of $395.00 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate 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%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $3.63 earnings per share. As a group, equities research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on LIN. JPMorgan Chase & Co. upped their price objective 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. Barclays raised their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America lifted their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Mizuho lifted their price target 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. Finally, BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $490.75.

About Linde

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.