Penserra Capital Management LLC Has $1.71 Million Stock Holdings in Linde PLC (NASDAQ:LIN)

Penserra Capital Management LLC increased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 18.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,673 shares of the basic materials company's stock after purchasing an additional 572 shares during the period. Penserra Capital Management LLC's holdings in Linde were worth $1,709,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. North Capital Inc. acquired a new position in shares of Linde in the 1st quarter worth approximately $25,000. Rakuten Securities Inc. boosted its holdings in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after acquiring an additional 58 shares in the last quarter. Putney Financial Group LLC acquired a new position in shares of Linde in the 4th quarter worth approximately $31,000. Dunhill Financial LLC acquired a new position in shares of Linde in the 4th quarter worth approximately $34,000. Finally, New Age Alpha Advisors LLC boosted its holdings in shares of Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Price Performance

Shares of LIN stock opened at $469.95 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80. The firm's 50-day moving average is $462.36 and its two-hundred day moving average is $451.89. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The company has a market capitalization of $221.21 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. The company had revenue of $8.11 billion during the quarter, compared to analysts' expectations of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.75 EPS. Analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $1.50 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.28%. Linde's dividend payout ratio (DPR) is presently 43.57%.

Insiders Place Their Bets

In related news, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the transaction, the vice president directly owned 8,151 shares in the company, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the transaction, the vice president owned 22,639 shares of the company's stock, valued at $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of research reports. Royal Bank Of Canada started coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price for the company. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Linde presently has a consensus rating of "Buy" and an average price target of $515.90.

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.

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