Linde plc (NASDAQ:LIN) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of Linde plc (NASDAQ:LIN) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,422 shares of the basic materials company’s stock after acquiring an additional 2,772 shares during the quarter. Pacer Advisors Inc.’s holdings in Linde were worth $33,581,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Trifecta Capital Advisors LLC increased its stake in shares of Linde by 16.9% during 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 during the period. Prentice Wealth Management LLC increased its stake in shares of Linde by 1.7% during 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 during the period. Quotient Wealth Partners LLC increased its stake in shares of Linde by 0.9% during 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 during the period. Regent Peak Wealth Advisors LLC increased its stake in shares of Linde by 1.3% during 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 during the period. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Linde by 5.7% during the second quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LIN shares. Deutsche Bank Aktiengesellschaft raised their price objective 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. Bank of America raised their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde 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 owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 36.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Linde Trading Down 0.1 %

Linde stock opened at $454.78 on Friday. The company has a 50 day moving average price of $468.54 and a 200 day moving average price of $453.32. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $216.55 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the business posted $3.63 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts forecast that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

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