GAM Holding AG raised its position in shares of Linde plc (NYSE:LIN – Free Report) by 19.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,484 shares of the basic materials company’s stock after buying an additional 24,524 shares during the period. Linde comprises about 4.2% of GAM Holding AG’s investment portfolio, making the stock its 3rd biggest holding. GAM Holding AG’s holdings in Linde were worth $56,777,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Linde during the fourth quarter valued at approximately $2,409,138,000. Providence Capital Advisors LLC raised its holdings in shares of Linde by 35,747.9% during the first quarter. Providence Capital Advisors LLC now owns 5,828,505 shares of the basic materials company’s stock valued at $16,398,000 after acquiring an additional 5,812,246 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Linde by 888.7% during the first quarter. WCM Investment Management LLC now owns 3,741,529 shares of the basic materials company’s stock valued at $1,329,889,000 after acquiring an additional 3,363,112 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Linde by 8.8% during the first quarter. BlackRock Inc. now owns 34,287,378 shares of the basic materials company’s stock valued at $12,187,106,000 after acquiring an additional 2,768,390 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Linde by 33.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,056,224 shares of the basic materials company’s stock valued at $3,218,946,000 after acquiring an additional 2,282,620 shares in the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.
Linde Trading Up 0.4 %
Linde stock opened at $410.74 on Friday. Linde plc has a one year low of $302.17 and a one year high of $434.21. The business’s fifty day moving average is $397.23 and its 200 day moving average is $384.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.68. The stock has a market capitalization of $199.16 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 2.75 and a beta of 0.88.
Linde (NYSE:LIN – Get Free Report) last announced its earnings results on Thursday, October 26th. The basic materials company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.06. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.53 billion. Linde had a net margin of 18.44% and a return on equity of 16.59%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.10 EPS. On average, sell-side analysts predict that Linde plc will post 14.11 EPS for the current year.
Linde Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were given a dividend of $1.275 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $5.10 annualized dividend and a yield of 1.24%. Linde’s dividend payout ratio (DPR) is 42.11%.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. BMO Capital Markets upped their target price on Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a report on Monday, October 30th. UBS Group reduced their target price on Linde from $450.00 to $445.00 and set a “buy” rating on the stock in a report on Thursday, October 12th. Citigroup upped their target price on Linde from $448.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, HSBC upped their target price on Linde from $440.00 to $447.00 and gave the stock a “buy” rating in a report on Friday, November 24th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $428.85.
About Linde
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia 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.