Jackson Square Partners LLC Lowers Holdings in Linde plc (NASDAQ:LIN)

Jackson Square Partners LLC reduced its stake in shares of Linde plc (NASDAQ:LINFree Report) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,840 shares of the basic materials company’s stock after selling 2,129 shares during the quarter. Jackson Square Partners LLC’s holdings in Linde were worth $7,327,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of LIN. Winder Pte. Ltd. purchased a new stake in Linde in the 3rd quarter valued at $1,892,774,000. Private Advisor Group LLC raised its holdings in shares of Linde by 104.2% in the 4th quarter. Private Advisor Group LLC now owns 18,679 shares of the basic materials company’s stock valued at $7,672,000 after buying an additional 468,415 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Linde in the third quarter valued at approximately $168,636,000. International Assets Investment Management LLC grew its stake in Linde by 33,201.7% during the 4th quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock worth $169,189,000 after purchasing an additional 410,705 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Linde by 17.8% in the 3rd quarter. Nordea Investment Management AB now owns 2,592,343 shares of the basic materials company’s stock valued at $973,865,000 after purchasing an additional 391,153 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN traded up $2.83 during trading hours on Friday, reaching $432.52. The company had a trading volume of 1,150,669 shares, compared to its average volume of 1,820,860. The company has a market capitalization of $207.90 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.85 and a beta of 0.94. Linde plc has a 12-month low of $350.60 and a 12-month high of $477.71. The firm has a 50 day simple moving average of $450.70 and a 200-day simple moving average of $426.88. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same quarter in the previous year, the company earned $3.42 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts expect that Linde plc will post 15.5 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LIN shares. TD Cowen raised their price objective on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. BMO Capital Markets decreased their price objective on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 target price for the company. in a report on Monday, January 22nd. Mizuho raised their price target on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, HSBC reduced their price objective on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $468.83.

Check Out Our Latest Analysis on LIN

Insider Transactions at Linde

In related news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares in the company, valued at $3,809,695.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Linde news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Matthew J. White sold 51,231 shares of Linde stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $455.84, for a total value of $23,353,139.04. Following the sale, the chief financial officer now directly owns 57,634 shares in the company, valued at $26,271,882.56. The disclosure for this sale can be found here. Insiders sold a total of 77,948 shares of company stock valued at $35,687,605 over the last three months. 0.70% of the stock is currently owned by insiders.

Linde Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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