31,460 Shares in Linde PLC $LIN Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC bought a new stake in shares of Linde PLC (NASDAQ:LIN) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 31,460 shares of the basic materials company’s stock, valued at approximately $14,932,000.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp raised its position in Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock valued at $10,558,016,000 after buying an additional 719,052 shares during the last quarter. Amundi boosted its holdings in Linde by 13.4% during the 1st quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock worth $1,567,796,000 after acquiring an additional 373,012 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Linde by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock worth $1,358,712,000 after acquiring an additional 64,078 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Linde by 28.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock worth $805,475,000 after acquiring an additional 361,664 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Linde by 6.6% in the 1st quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock worth $679,370,000 after acquiring an additional 85,360 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on LIN shares. Bank of America increased their target price on shares of Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Weiss Ratings cut shares of Linde from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. KeyCorp upped their price objective on shares of Linde from $542.00 to $545.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Finally, Argus decreased their price objective on shares of Linde from $563.00 to $538.00 and set a “buy” rating for the company in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $553.05.

Linde Stock Performance

NASDAQ LIN traded down $5.98 during trading hours on Friday, reaching $515.25. 2,394,914 shares of the company were exchanged, compared to its average volume of 2,075,647. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $236.54 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.07 and a beta of 0.67. The business’s 50 day simple moving average is $486.57 and its 200-day simple moving average is $494.34. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, beating the consensus estimate of $4.52 by $0.07. Linde had a return on equity of 20.32% and a net margin of 19.34%. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the business earned $4.21 earnings per share. Linde’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Linde PLC will post 17.89 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 3rd. Linde’s dividend payout ratio is currently 42.52%.

Insider Buying and Selling at Linde

In related news, CFO Matthew J. White sold 86,833 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $521.21, for a total value of $45,258,227.93. Following the sale, the chief financial officer directly owned 50,733 shares in the company, valued at approximately $26,442,546.93. The trade was a 63.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Guillermo Bichara sold 9,350 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $518.91, for a total transaction of $4,851,808.50. Following the transaction, the vice president owned 22,138 shares of the company’s stock, valued at $11,487,629.58. This represents a 29.69% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.30% of the stock is currently owned by corporate insiders.

About Linde

Linde plc is a global industrial gases and engineering company. It produces and supplies atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium and specialty gases. The company also designs and builds equipment and facilities used to produce and process gases.

Linde serves customers across industries including healthcare, manufacturing, chemicals, food and beverage, electronics and energy. Its operations span the Americas, Europe, the Middle East and Africa, and Asia-Pacific.

The company was formed in 2018 through the merger of Germany’s Linde AG and U.S.-based Praxair, bringing together businesses with long histories in industrial gases and engineering.