210,796 Shares of Linde PLC $LIN Acquired by Calamos Advisors LLC

Calamos Advisors LLC bought a new position in Linde PLC (NASDAQ:LIN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 210,796 shares of the basic materials company’s stock, valued at approximately $100,054,000.

A number of other hedge funds also recently made changes to their positions in LIN. Alta Advisers Ltd bought a new stake in shares of Linde during the third quarter worth $1,574,000. Legacies Wealth LLC acquired a new position in shares of Linde during the third quarter worth $60,000. Pekin Hardy Strauss Inc. bought a new position in shares of Linde in the 3rd quarter valued at $331,000. Argonautica Private Wealth Management Inc. lifted its stake in shares of Linde by 1.4% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 5,735 shares of the basic materials company’s stock valued at $2,722,000 after acquiring an additional 80 shares during the last quarter. Finally, Principle Wealth Partners LLC lifted its stake in shares of Linde by 12.8% in the 3rd quarter. Principle Wealth Partners LLC now owns 2,061 shares of the basic materials company’s stock valued at $978,000 after acquiring an additional 234 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In other Linde news, CFO Matthew White sold 86,833 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $521.21, for a total transaction of $45,258,227.93. Following the completion of the sale, the chief financial officer owned 50,733 shares of the company’s stock, valued at approximately $26,442,546.93. This represents a 63.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 that occurred on Monday, November 2nd. The shares were sold at an average price of $518.91, for a total transaction of $4,851,808.50. Following the sale, the vice president directly 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. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of a number of research reports. Royal Bank Of Canada boosted their price objective on Linde from $549.00 to $568.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. The Goldman Sachs Group set a $580.00 price target on Linde and gave the company a “buy” rating in a research note on Monday, August 10th. KeyCorp boosted their price target on Linde from $542.00 to $545.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, Jefferies Financial Group upped their price objective on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $553.05.

Linde Trading Down 1.1%

NASDAQ:LIN traded down $5.98 during trading hours on Friday, hitting $515.25. 2,394,914 shares of the company were exchanged, compared to its average volume of 2,075,647. The stock has a market capitalization of $236.54 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.67. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a fifty day simple moving average of $486.57 and a 200 day simple moving average of $494.34.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.52 by $0.07. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.16 billion. Linde had a return on equity of 20.32% and a net margin of 19.34%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.21 EPS. Sell-side analysts expect that Linde PLC will post 17.89 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a $1.60 dividend. 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 payout ratio is currently 42.52%.

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.