MBB Public Markets I LLC Has $15.05 Million Position in Linde plc (NASDAQ:LIN)

MBB Public Markets I LLC boosted its holdings in Linde plc (NASDAQ:LIN) by 2,377.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,287 shares of the basic materials company’s stock after acquiring an additional 32,903 shares during the quarter. MBB Public Markets I LLC’s holdings in Linde were worth $15,045,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LIN. Daymark Wealth Partners LLC raised its stake in Linde by 1.5% during the second quarter. Daymark Wealth Partners LLC now owns 6,751 shares of the basic materials company’s stock worth $2,962,000 after acquiring an additional 100 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after purchasing an additional 15,187 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Linde by 14.8% during the 2nd quarter. APG Asset Management N.V. now owns 708,509 shares of the basic materials company’s stock worth $290,087,000 after purchasing an additional 91,101 shares in the last quarter. AlTi Global Inc. lifted its holdings in Linde by 34.7% during the 2nd quarter. AlTi Global Inc. now owns 680 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 175 shares during the last quarter. Finally, Unisphere Establishment boosted its position in Linde by 16.1% in the second quarter. Unisphere Establishment now owns 440,500 shares of the basic materials company’s stock valued at $193,296,000 after buying an additional 61,000 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 1.0 %

Shares of NASDAQ:LIN opened at $481.68 on Friday. The company has a 50 day moving average of $460.08 and a 200-day moving average of $449.60. Linde plc has a one year low of $361.02 and a one year high of $482.11. The stock has a market cap of $231.53 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 2.99 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.57 EPS. On average, sell-side analysts forecast that Linde plc will post 15.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed 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 was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.15%. Linde’s dividend payout ratio is presently 43.13%.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred 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 directly owns 17,584 shares in the company, valued at approximately $8,136,996. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on LIN shares. Barclays raised their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America boosted their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. UBS Group lowered their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $484.18.

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.