Rockefeller Capital Management L.P. Buys 4,848 Shares of Linde plc (NASDAQ:LIN)

Rockefeller Capital Management L.P. increased its position in Linde plc (NASDAQ:LIN) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,477 shares of the basic materials company’s stock after buying an additional 4,848 shares during the quarter. Rockefeller Capital Management L.P. owned 0.05% of Linde worth $121,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. CWS Financial Advisors LLC increased its holdings in Linde by 9.7% during the 3rd quarter. CWS Financial Advisors LLC now owns 926 shares of the basic materials company’s stock valued at $442,000 after purchasing an additional 82 shares during the period. Northwest & Ethical Investments L.P. grew its position in shares of Linde by 7.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 101,254 shares of the basic materials company’s stock worth $48,284,000 after buying an additional 6,844 shares during the last quarter. Vinva Investment Management Ltd increased its stake in shares of Linde by 96.9% during the third quarter. Vinva Investment Management Ltd now owns 13,422 shares of the basic materials company’s stock valued at $6,436,000 after buying an additional 6,607 shares during the period. Financial Counselors Inc. raised its holdings in shares of Linde by 2.2% during the third quarter. Financial Counselors Inc. now owns 2,826 shares of the basic materials company’s stock valued at $1,348,000 after acquiring an additional 60 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after acquiring an additional 2,592,682 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 36.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Mizuho increased 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. Bank of America lifted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Stock Up 0.1 %

Shares of Linde stock opened at $457.12 on Friday. 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 plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a market cap of $217.66 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. The company’s 50 day moving average is $467.42 and its 200 day moving average is $454.04.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating 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 firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the firm earned $3.63 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

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

Linde Company 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.