Mirae Asset Global Investments Co. Ltd. Acquires 21,423 Shares of Linde plc (NASDAQ:LIN)

Mirae Asset Global Investments Co. Ltd. raised its stake in Linde plc (NASDAQ:LIN) by 19.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,112 shares of the basic materials company’s stock after acquiring an additional 21,423 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Linde were worth $63,829,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Trifecta Capital Advisors LLC boosted its position in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after acquiring an additional 23 shares in the last quarter. Prentice Wealth Management LLC boosted its holdings in shares of Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 23 shares in the last quarter. Quotient Wealth Partners LLC grew its position in Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after acquiring an additional 23 shares during the last quarter. Finally, Valued Wealth Advisors LLC increased its stake in shares of Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’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 transaction of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Linde Stock Down 0.1 %

Shares of NASDAQ:LIN opened at $473.76 on Friday. The firm has a market cap of $226.22 billion, a P/E ratio of 36.05, a PEG ratio of 3.05 and a beta of 0.94. Linde plc has a 52-week low of $366.12 and a 52-week high of $487.49. The business’s 50 day simple moving average is $472.24 and its two-hundred day simple moving average is $451.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

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

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.17%. Linde’s dividend payout ratio is presently 42.31%.

Analyst Ratings Changes

Several equities analysts have issued reports on LIN shares. Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. UBS Group decreased their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Barclays boosted their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

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.