Rockefeller Capital Management L.P. Buys 4,848 Shares of Linde plc (NASDAQ:LIN)

Rockefeller Capital Management L.P. grew its stake in Linde plc (NASDAQ:LIN) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 255,477 shares of the basic materials company’s stock after purchasing an additional 4,848 shares during the period. Rockefeller Capital Management L.P.’s holdings in Linde were worth $121,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. Swedbank AB bought a new stake in shares of Linde during the second quarter worth $420,720,000. International Assets Investment Management LLC boosted its stake in shares of Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after purchasing an additional 934,123 shares during the period. AMF Tjanstepension AB boosted its stake in shares of Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares during the period. Finally, KBC Group NV grew its holdings in shares of Linde by 131.6% in the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LIN shares. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Trading Up 0.1 %

NASDAQ LIN opened at $457.12 on Friday. The firm has a market cap of $217.66 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average price of $467.42 and a 200 day moving average price of $454.04.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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 firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter last year, the firm earned $3.63 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is currently 42.22%.

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.