LRI Investments LLC Has $451,000 Stock Holdings in Linde plc (NASDAQ:LIN)

LRI Investments LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 128.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 995 shares of the basic materials company’s stock after buying an additional 559 shares during the quarter. LRI Investments LLC’s holdings in Linde were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LIN. Dynamic Advisor Solutions LLC increased its position in Linde by 6.7% during the second quarter. Dynamic Advisor Solutions LLC now owns 4,875 shares of the basic materials company’s stock worth $2,139,000 after acquiring an additional 306 shares during the period. Diversified Trust Co increased its position in Linde by 6.1% during the second quarter. Diversified Trust Co now owns 4,419 shares of the basic materials company’s stock worth $1,939,000 after acquiring an additional 254 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Linde by 3.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock worth $22,616,000 after acquiring an additional 1,564 shares during the period. ORG Partners LLC bought a new position in Linde during the second quarter worth about $780,000. Finally, Addenda Capital Inc. increased its position in Linde by 28.3% during the second quarter. Addenda Capital Inc. now owns 17,268 shares of the basic materials company’s stock worth $7,577,000 after acquiring an additional 3,806 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 1.5 %

Shares of Linde stock opened at $442.58 on Tuesday. The firm 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 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 is $464.12 and its 200 day moving average is $455.40. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49.

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

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.26%. Linde’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Mizuho raised 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. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

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.