Linde PLC $LIN Shares Newly Purchased by Nottingham Advisors Inc.

Key Points

• Nottingham Advisors initiated a position in Linde by purchasing 2,160 shares valued at approximately $1.05 million. Institutional investors and hedge funds collectively own 82.8% of Linde’s stock.
• Linde reported quarterly adjusted earnings of $4.59 per share and revenue of $9.40 billion, exceeding analyst expectations; revenue increased 9.3% year over year.
• The company declared a quarterly dividend of $1.60 per share, equivalent to $6.40 annually and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $553.05.

Nottingham Advisors Inc. bought a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,160 shares of the basic materials company's stock, valued at approximately $1,045,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in Linde during the 3rd quarter valued at about $611,786,000. Flossbach Von Storch SE bought a new stake in Linde during the 2nd quarter worth approximately $438,525,000. State Street Corp raised its stake in shares of Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock worth $10,558,016,000 after purchasing an additional 719,052 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Linde by 162.9% in the first quarter. Hsbc Holdings PLC now owns 1,097,110 shares of the basic materials company's stock worth $543,951,000 after purchasing an additional 679,738 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Linde by 394.8% in the first quarter. Renaissance Technologies LLC now owns 629,820 shares of the basic materials company's stock valued at $312,240,000 after purchasing an additional 502,520 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Trading Up 1.1%

Shares of LIN stock opened at $519.72 on Tuesday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The stock has a market capitalization of $239.58 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.96 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The company's fifty day simple moving average is $484.17 and its two-hundred day simple moving average is $492.74.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, beating analysts' consensus estimates of $4.52 by $0.07. The company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.16 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. Linde's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $4.21 earnings per share. As a group, analysts anticipate that Linde PLC will post 17.88 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, December 3rd. Linde's dividend payout ratio is presently 42.52%.

Wall Street Analyst Weigh In

LIN has been the topic of several analyst reports. Berenberg Bank reaffirmed a "buy" rating on shares of Linde in a research report on Tuesday, August 4th. Citigroup upped their price target on Linde from $560.00 to $580.00 and gave the stock a "buy" rating in a report on Friday. Barclays increased their price target on Linde from $577.00 to $591.00 and gave the company an "overweight" rating in a research report on Friday. Bank of America raised their price objective on Linde from $532.00 to $550.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group set a $580.00 price objective on shares of Linde and gave the stock a "buy" rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Linde currently has an average rating of "Moderate Buy" and an average price target of $553.05.

Linde Profile

Linde plc NASDAQ: LIN is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde's products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.

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