Linde plc (NASDAQ:LIN) Shares Purchased by Waverton Investment Management Ltd

Waverton Investment Management Ltd raised its holdings in Linde plc (NASDAQ:LIN) by 0.9% during the third quarter, HoldingsChannel reports. The firm owned 196,036 shares of the basic materials company’s stock after buying an additional 1,811 shares during the period. Linde comprises about 1.5% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 24th biggest holding. Waverton Investment Management Ltd’s holdings in Linde were worth $93,457,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LIN. Trifecta Capital Advisors LLC boosted its holdings in shares of Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares in the last quarter. Prentice Wealth Management LLC boosted its holdings in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 23 shares in the last quarter. Quotient Wealth Partners LLC boosted its holdings in shares of Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after acquiring an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares in the last quarter. Finally, Nwam LLC boosted its holdings in shares of Linde by 2.5% in the first quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 24 shares in the last quarter. 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 company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the transaction, the vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Linde Price Performance

Linde stock opened at $456.44 on Tuesday. Linde plc has a 52-week low of $395.00 and a 52-week high of $487.49. The firm has a fifty day moving average of $471.60 and a 200-day moving average of $452.40. The firm has a market capitalization of $217.34 billion, a P/E ratio of 34.66, a PEG ratio of 2.94 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 released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. 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 analysts recently commented on LIN shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays boosted their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. 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 report on Monday, August 5th. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. 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 data from MarketBeat, Linde 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.