Susquehanna International Group Ltd. Buys Shares of 1,009 Linde plc (NASDAQ:LIN)

Susquehanna International Group Ltd. acquired a new position in Linde plc (NASDAQ:LIN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,009 shares of the basic materials company’s stock, valued at approximately $443,000.

A number of other institutional investors have also recently made changes to their positions in the business. Members Trust Co boosted its position in shares of Linde by 3.7% in the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in shares of Linde by 1.3% in the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares in the last quarter. Valued Wealth Advisors LLC boosted its position in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares in the last quarter. CNB Bank raised its stake in Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 24 shares during the last quarter. Finally, Nwam LLC raised its stake in Linde by 2.5% in the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock worth $421,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $479.51 on Friday. 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 plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36. The stock has a 50-day simple moving average of $461.49 and a two-hundred day simple moving average of $449.89. The firm has a market capitalization of $230.49 billion, a P/E ratio of 37.20, a PEG ratio of 2.99 and a beta of 0.94.

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

Linde Dividend Announcement

The firm also recently declared 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 1.16%. Linde’s dividend payout ratio is presently 43.13%.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated Tuesday, September 10th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group reduced 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. 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 note on Monday, August 5th. Bank of America raised their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Citigroup raised their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.