Tokio Marine Asset Management Co. Ltd. Has $8.88 Million Stake in Linde plc (NASDAQ:LIN)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Linde plc (NASDAQ:LIN) by 4.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,625 shares of the basic materials company’s stock after purchasing an additional 824 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Linde were worth $8,882,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LIN. Entropy Technologies LP bought a new position in Linde during the first quarter valued at about $1,226,000. Kingsview Wealth Management LLC lifted its position in Linde by 3.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 5,051 shares of the basic materials company’s stock worth $2,345,000 after buying an additional 174 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in Linde by 20.7% during the 1st quarter. HBK Sorce Advisory LLC now owns 1,395 shares of the basic materials company’s stock worth $648,000 after acquiring an additional 239 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Linde by 6.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 28,887 shares of the basic materials company’s stock valued at $13,413,000 after acquiring an additional 1,641 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its stake in shares of Linde by 7.0% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,495 shares of the basic materials company’s stock worth $2,087,000 after acquiring an additional 295 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.1 %

NASDAQ:LIN traded down $0.26 during trading hours on Thursday, hitting $455.98. 111,732 shares of the company traded hands, compared to its average volume of 1,826,949. The company has a market cap of $217.12 billion, a PE ratio of 34.64, a PEG ratio of 2.92 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a one year low of $396.07 and a one year high of $487.49. The firm’s 50-day simple moving average is $470.47 and its 200-day simple moving average is $452.61.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the firm posted $3.63 EPS. Linde’s revenue was up 1.9% on a year-over-year basis. Equities analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is 42.22%.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays lifted their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America upped their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $490.75.

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.