Unisphere Establishment Has $193.30 Million Holdings in Linde plc (NASDAQ:LIN)

Unisphere Establishment raised its position in Linde plc (NASDAQ:LIN) by 16.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 440,500 shares of the basic materials company’s stock after purchasing an additional 61,000 shares during the period. Linde accounts for approximately 1.9% of Unisphere Establishment’s portfolio, making the stock its 15th largest position. Unisphere Establishment’s holdings in Linde were worth $193,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Members Trust Co raised its stake in Linde by 3.7% during the first quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after acquiring an additional 23 shares during the period. Johnson Financial Group Inc. raised its position in shares of Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 24 shares in the last quarter. Valued Wealth Advisors LLC raised its position in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 24 shares in the last quarter. Finally, CNB Bank lifted its stake in shares of Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LIN shares. UBS Group decreased their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Bank of America upped their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Trading Up 0.4 %

NASDAQ:LIN opened at $479.35 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. Linde plc has a one year low of $361.02 and a one year high of $480.76. The company has a market cap of $228.89 billion, a PE ratio of 37.19, a PEG ratio of 2.99 and a beta of 0.94. The firm has a 50-day moving average of $459.53 and a 200-day moving average of $449.40.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.57 EPS. As a group, equities research analysts expect that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is currently 43.13%.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the company’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 sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Linde Company 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.