Fmr LLC Has $6.45 Billion Holdings in Linde plc (NASDAQ:LIN)

Fmr LLC trimmed its position in Linde plc (NASDAQ:LIN) by 0.9% during the third quarter, HoldingsChannel.com reports. The firm owned 13,518,771 shares of the basic materials company’s stock after selling 117,796 shares during the quarter. Fmr LLC’s holdings in Linde were worth $6,446,561,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trifecta Capital Advisors LLC grew its holdings in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the last quarter. Prentice Wealth Management LLC increased its holdings in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 23 shares in the last quarter. Quotient Wealth Partners LLC increased its holdings in Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its position in Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Linde by 5.7% during the second quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LIN. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred 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 $8,136,996. This trade represents a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of NASDAQ LIN opened at $455.69 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $468.16 and its 200-day moving average price is $453.84. The firm has a market capitalization of $216.98 billion, a P/E ratio of 34.60, a P/E/G ratio of 2.91 and a beta of 0.94. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the business earned $3.63 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Linde Company Profile

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.