31,460 Shares of Linde PLC $LIN Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC purchased a new stake in Linde PLC (NASDAQ:LIN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 31,460 shares of the basic materials company’s stock, valued at approximately $14,932,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Principia Wealth Advisory LLC raised its position in shares of Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 23 shares during the last quarter. JCIC Asset Management Inc. bought a new stake in Linde in the third quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID boosted its holdings in Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares during the last quarter. Manning & Napier Advisors LLC boosted its holdings in Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 58 shares during the last quarter. Finally, Marquette Asset Management LLC acquired a new stake in Linde during the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

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’s stock were exchanged, compared to its average volume of 2,075,647. The firm has a market cap of $236.54 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 3.07 and a beta of 0.67. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. The stock has a 50-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 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 analyst estimates of $9.16 billion. Linde had a net margin of 19.34% and a return on equity of 20.32%. Linde’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.21 EPS. On average, equities analysts forecast 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. Stockholders of record on Thursday, December 3rd will be given a dividend of $1.60 per share. 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 dividend payout ratio is 42.52%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LIN shares. Mizuho set a $583.00 price target on shares of Linde in a report on Thursday, October 29th. Citigroup upped their price objective on shares of Linde from $560.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Berenberg Bank reiterated a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. Evercore lifted their target price on shares of Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $553.05.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 9,350 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $518.91, for a total value of $4,851,808.50. Following the completion of the sale, the vice president directly owned 22,138 shares in the company, valued at $11,487,629.58. This trade represents a 29.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Matthew White sold 86,833 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $521.21, for a total value of $45,258,227.93. Following the completion of the sale, the chief financial officer directly owned 50,733 shares of the company’s stock, valued at $26,442,546.93. This trade represents a 63.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.30% of the stock is owned by corporate insiders.

Linde Profile

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.