Neville Rodie & Shaw Inc. Has $6.55 Million Holdings in Linde plc (NASDAQ:LIN)

Neville Rodie & Shaw Inc. cut its stake in shares of Linde plc (NASDAQ:LIN) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,744 shares of the basic materials company’s stock after selling 195 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Linde were worth $6,554,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Linde by 0.9% in the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after buying an additional 405,952 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Linde by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after buying an additional 141,322 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Linde by 3.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,959,993 shares of the basic materials company’s stock valued at $1,624,462,000 after buying an additional 138,585 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Linde by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after buying an additional 15,187 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Linde by 7.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after buying an additional 218,746 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LIN. JPMorgan Chase & Co. lifted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Barclays lifted their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group dropped their price target 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. Citigroup lifted their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Stock Performance

NASDAQ LIN opened at $475.84 on Thursday. The firm’s fifty day moving average price is $463.30 and its two-hundred day moving average price is $449.81. The stock has a market cap of $227.21 billion, a PE ratio of 36.92, a PEG ratio of 3.00 and a beta of 0.94. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36. 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 quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the previous year, the firm posted $3.57 earnings per share. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts expect that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a $1.39 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio is 43.13%.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

Linde 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.