Linde plc (NASDAQ:LIN) is Edgestream Partners L.P.’s 8th Largest Position

Edgestream Partners L.P. boosted its position in shares of Linde plc (NASDAQ:LIN) by 104.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,758 shares of the basic materials company’s stock after acquiring an additional 11,117 shares during the period. Linde comprises 0.5% of Edgestream Partners L.P.’s investment portfolio, making the stock its 8th biggest holding. Edgestream Partners L.P.’s holdings in Linde were worth $10,376,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Trifecta Capital Advisors LLC boosted its position in Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC increased its position 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 buying an additional 23 shares in the last quarter. Quotient Wealth Partners LLC raised its stake in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its position in shares of Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Linde by 5.7% in the 2nd 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 last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LIN has been the subject of a number of research reports. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $490.75.

Linde Stock Performance

NASDAQ LIN opened at $460.99 on Friday. The business’s 50-day moving average price is $467.20 and its 200 day moving average price is $454.23. The company has a current ratio of 0.96, a quick ratio of 0.81 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 capitalization of $219.50 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share 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 business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the firm posted $3.63 EPS. The company’s revenue was up 1.9% on a year-over-year basis. On average, research analysts predict 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. Shareholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.21%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction 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 transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.