Rosenberg Matthew Hamilton Raises Holdings in Linde plc (NASDAQ:LIN)

Rosenberg Matthew Hamilton increased its position in shares of Linde plc (NASDAQ:LIN) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,062 shares of the basic materials company’s stock after buying an additional 49 shares during the period. Rosenberg Matthew Hamilton’s holdings in Linde were worth $506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Clearbridge Investments LLC raised its holdings in shares of Linde by 566.9% in the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock valued at $851,314,000 after purchasing an additional 1,558,538 shares in the last quarter. Swedbank AB purchased a new stake in Linde during the second quarter worth $420,720,000. International Assets Investment Management LLC boosted its position in Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Linde by 91.6% in the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock valued at $449,648,000 after acquiring an additional 463,096 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in shares of Linde in the 1st quarter worth $210,480,000. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Performance

Shares of NASDAQ LIN traded down $11.23 during midday trading on Thursday, reaching $462.17. 943,678 shares of the stock were exchanged, compared to its average volume of 1,819,619. The firm has a market cap of $220.69 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 3.00 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $473.15 and a two-hundred day simple moving average of $451.70. Linde plc has a twelve month low of $376.70 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same period in the prior year, the company posted $3.57 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, December 3rd. Linde’s payout ratio is presently 42.31%.

Insiders Place Their Bets

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of recent research reports. Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Bank of America lifted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average target price of $484.18.

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.