International Assets Investment Management LLC Has $446.38 Million Stock Holdings in Linde plc (NASDAQ:LIN)

International Assets Investment Management LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 47,830.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 936,076 shares of the basic materials company’s stock after acquiring an additional 934,123 shares during the period. International Assets Investment Management LLC’s holdings in Linde were worth $446,377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LIN. Wealthcare Advisory Partners LLC raised its stake in Linde by 39.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,900 shares of the basic materials company’s stock worth $882,000 after acquiring an additional 541 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Linde by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 49,976 shares of the basic materials company’s stock valued at $23,205,000 after purchasing an additional 1,968 shares during the last quarter. 180 Wealth Advisors LLC boosted its position in Linde by 2.8% in the first quarter. 180 Wealth Advisors LLC now owns 1,054 shares of the basic materials company’s stock valued at $489,000 after buying an additional 29 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Linde during the first quarter worth about $62,000. Finally, LongView Wealth Management acquired a new stake in shares of Linde during the first quarter worth approximately $200,000. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN stock opened at $474.46 on Friday. The firm’s 50 day moving average price is $471.54 and its two-hundred day moving average price is $450.99. 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 52-week low of $362.33 and a 52-week high of $487.49. The stock has a market cap of $226.55 billion, a PE ratio of 36.11, a PEG ratio of 3.05 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $3.57 EPS. As a group, analysts forecast that Linde plc will post 15.52 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.17%. Linde’s dividend payout ratio (DPR) is presently 42.31%.

Insider Activity at Linde

In other 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 completion of the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Citigroup upped their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

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.