Markel Group Inc. Makes New Investment in Linde PLC $LIN

Markel Group Inc. bought a new position in shares of Linde PLC (NASDAQ:LIN) during the 3rd quarter, Holdings Channel.com reports. The firm bought 220,600 shares of the basic materials company’s stock, valued at approximately $104,708,000.

Several other institutional investors also recently bought and sold shares of the stock. Parr Mcknight Wealth Management Group LLC lifted its holdings in Linde by 7.3% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 14,955 shares of the basic materials company’s stock worth $7,099,000 after purchasing an additional 1,019 shares during the last quarter. MFG Investments LLC bought a new stake in Linde during the third quarter worth approximately $854,000. Third View Private Wealth LLC boosted its position in Linde by 2.6% during the third quarter. Third View Private Wealth LLC now owns 8,677 shares of the basic materials company’s stock worth $4,119,000 after purchasing an additional 221 shares during the period. Provenance Wealth Advisors LLC grew its holdings in Linde by 7,338.5% during the third quarter. Provenance Wealth Advisors LLC now owns 5,802 shares of the basic materials company’s stock valued at $2,754,000 after purchasing an additional 5,724 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new position in Linde during the third quarter valued at approximately $381,000. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Performance

Shares of NASDAQ LIN opened at $511.55 on Wednesday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The company has a market cap of $234.84 billion, a P/E ratio of 33.99, a P/E/G ratio of 3.07 and a beta of 0.67. The business’s 50 day moving average is $484.60 and its two-hundred day moving average is $493.09. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 0.50.

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

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, December 3rd. Linde’s dividend payout ratio is presently 42.52%.

Analysts Set New Price Targets

A number of research firms have recently commented on LIN. KeyCorp lifted their price target on shares of Linde from $542.00 to $545.00 and gave the company an “overweight” rating in a research report on Friday. Argus reduced 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. Mizuho set a $583.00 price objective on shares of Linde in a report on Thursday, October 29th. The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Barclays lifted their target price on shares of Linde from $577.00 to $591.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $553.05.

Linde Company Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.