Geode Capital Management LLC Has $5.22 Billion Stock Holdings in Linde plc (NASDAQ:LIN)

Geode Capital Management LLC grew its stake in Linde plc (NASDAQ:LIN) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,973,175 shares of the basic materials company’s stock after purchasing an additional 154,792 shares during the quarter. Geode Capital Management LLC owned approximately 2.30% of Linde worth $5,217,197,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $490.75.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Down 1.5 %

Shares of NASDAQ:LIN opened at $442.58 on Tuesday. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a market capitalization of $210.74 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The company has a fifty day moving average of $464.12 and a 200-day moving average of $455.40.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the firm earned $3.63 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend 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.