Linde plc (NASDAQ:LIN) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in Linde plc (NASDAQ:LIN) by 2,244.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,751 shares of the basic materials company’s stock after acquiring an additional 25,610 shares during the period. Benjamin Edwards Inc.’s holdings in Linde were worth $12,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LIN. 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 worth $26,215,000 after acquiring an additional 2,312 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Linde by 3.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock valued at $22,616,000 after purchasing an additional 1,564 shares during the period. Waverton Investment Management Ltd grew its holdings in Linde by 0.9% during the 3rd quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock valued at $93,457,000 after purchasing an additional 1,811 shares in the last quarter. M&G Plc increased its stake in Linde by 1.2% during the 2nd quarter. M&G Plc now owns 185,903 shares of the basic materials company’s stock worth $81,611,000 after buying an additional 2,252 shares during the period. Finally, Townsquare Capital LLC lifted its holdings in Linde by 16.8% in the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after buying an additional 1,383 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $459.69 on Tuesday. The company has a market cap of $218.89 billion, a PE ratio of 34.90, a P/E/G ratio of 2.95 and a beta of 0.93. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a 50-day simple moving average of $467.20 and a 200 day simple moving average of $454.55. 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 earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 earnings per share. On average, sell-side 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. Investors of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.21%. Linde’s payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America lifted their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $490.75.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly 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 document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.