Skip to Content

Quaero Capital S.A. Increases Its Holdings in Linde plc (NYSE:LIN)

Quaero Capital S.A. Increases Its Holdings in Linde plc (NYSE:LIN)

Quaero Capital S.A. increased its ownership stake in Linde plc (NYSE: LIN) during the third quarter by 3.5%, as stated in the most recent 13F filing that the company made with the SEC. The organization has a total of 9,583 shares of stock in the company that deals in basic materials, following the purchase of an additional 325 shares during the period in question, bringing the organization’s total number to 9,583. Linde accounts for approximately two percent of the total holdings of Quaero Capital S.A., which places it as the eleventh most important company in the portfolio. At the end of the most recent financial quarter, the value of Quaero Capital S.A.’s holdings in Linde was calculated to be $2,586,000.

Additionally, the interests that several other institutional investors currently hold in the company have been adjusted due to recent transactions involving those investors. A new investment totaling approximately $26,000 was made in Linde by Ritter Daniher Financial Advisory LLC DE during the second quarter. During the second quarter, Hexagon Capital Partners LLC saw a 94.6 percent increase in the percentage of Linde stock it owned that it had previously held. Hexagon Capital Partners LLC has a total of 109 shares of the basic materials company’s stock following the purchase of 53 additional shares during the most recent quarter. Each share of this company’s stock is worth $31,000, and the total holdings of Hexagon Capital Partners LLC are now worth $31,000. The value of FinTrust Capital Advisors LLC’s holdings in Linde increased by 58.0% during the second quarter compared to the previous quarter. Following the acquisition of an additional forty shares during the preceding quarter, FinTrust Capital Advisors LLC now holds 109 shares of the basic materials company’s stock. Each share of this company’s stock has a market value of $31,000 and a market cap of $31,000. During the third quarter, Hanson & Doremus Investment Management increased the total number of shares of Linde Company stock that it held by 92.3%. The investment management firm Hanson & Doremus owns 125 shares of the company that deals in basic materials. Each share is worth $34,000, so the total value of these holdings is $34,000. This was made possible due to the purchase of sixty additional shares during the most recent quarter of the fiscal year. Finally, during the second quarter of the fiscal year, Ellevest Inc. shelled out close to $35,000 to expand its existing investment portfolio by purchasing some shares of Linde. Institutional investors and hedge funds collectively own 78.15% of the total number of shares in the company, making up the majority of the shareholders.

LIN stock has been the subject of research articles written by various equity industry professionals. These articles have been published. A research report authored by Seaport Research Ptn was updated on Thursday, October 13, to reflect a change in the company’s rating from “neutral” to “buy.” Mizuho raised their price target for Linde from $344.00 to $346.00 and rated the company’s performance as “neutral” in a research note published on January 12. Societe Generale downgraded Linde from a “buy” rating to a “hold” rating and reduced its price objective for the stock from $400 to $300 in a research note published on Monday, October 17. Credit Suisse Group revealed in a research note released on Thursday, October 27, that they were lowering their target price on Linde to $360.00. In the end, but not least, Cowen lowered their price objective on Linde to $260.00 in a research report published on Thursday, October 20. One financial analyst recommended selling the stock, while three others have maintained a hold rating, and fourteen others have maintained a buy rating on the stock. According to the data from Bloomberg, the current consensus rating for Linde is “Moderate Buy,” and the current consensus price objective for the company’s stock is $351.69. Additionally, the current consensus rating for the company is “Outperform.”

During the lunchtime session on Wednesday, NYSE: LIN experienced a gain of $0.90, which brought the price to $330.90. The number of shares traded by the company was 9,794, which is considerably less than its daily average volume of 2,102,307. A debt-to-equity ratio comes in at 0.27; a quick ratio comes in at 0.62; a current ratio comes in at 0.74; and a quick ratio comes in at 0.62. Within the past year, Linde plc’s share price has ranged from a record low of $262.47 to an all-time high of $347.60. The company’s market capitalization is currently at $162.99 billion, while its price-to-earnings ratio is 43.67, its price-to-earnings-growth is 2.60, and its beta is 0.88. The stock price is $330.64 according to its simple moving average from the past 50 days, and its simple moving average from the past 200 days is $302.55.

On Thursday, October 27, Linde (NYSE: LIN) made its most recent quarterly earnings report public. This report covered the period from July to September. In the basic materials division, earnings per share for the quarter came in at $3.10, which was $0.16 higher than the average forecast of $2.94. The revenue for the company’s most recent fiscal quarter came in at $8.80 billion, significantly higher than the consensus estimate of $8.32 billion. Linde’s return on equity was 14.26%, and the company’s net margin was 11.39%. Both of these figures are percentages. Compared to the previous year’s period, the third quarter of this year saw a revenue increase for the company of 14.7%. The company generated earnings of $2.73 per share during the same period in the prior year’s operations. The projections of market analysts indicate that the earnings per share that Linde plc will generate this year will come in at 12.03 dollars.

In addition, the company just recently announced and distributed a quarterly dividend, which took place on Friday, December 16. The dividend was distributed. On Friday, December 2, $1.17 dividend payments per share were made to shareholders who were recorded as having shares as of that day. These payments were made to shareholders registered as having shares as of that day. This equates to an annual dividend payment of $4.68 and a dividend yield of 1.41 percent when calculated annually. This dividend company just recently announced and distributed a quarterly dividend, which took place on Friday, December 16. The dividend was distributed. On Friday, December 2, $1.17 dividend payments per share were made to shareholders who were recorded as having shares as of that day. These payments were made to shareholders registered as having shares as of that day. This equates to an annual dividend payment of $4.68 and a dividend yield of 1.41 percent when calculated annually. This dividend’s ex-dividend date, which occurred on December 1 of this year, is referred to as the ex-div date. Linde’s dividend payout ratio, also referred to as the DPR currently stands at 61.90 percent.

The sale of 74,227 shares of the company’s stock by Director Stephen F. Angel took place on November 11, which brings us to another piece of recent information. The sale of the shares resulted in a total of $24,532,765.77, with the average price at which each share was sold being $330.51. Following the completion of the sale, the director will have a direct ownership stake in the amount of 345,877 shares of the company’s stock, which will be approximately valued at $114,315,807.27 at present. The documentation that describes the transaction was submitted to the Securities and Exchange Commission, and it is possible to locate it on the SEC’s website. The sale of the shares resulted in a total of $24,532,765.77, with the average price at which each share was sold being $330.51. Following the completion of the sale, the director will have a direct ownership stake in the amount of 345,877 shares of the company’s stock, which will be approximately valued at $114,315,807.27 at present. The documentation that describes the transaction was submitted to the Securities and Exchange Commission, and it is possible to locate it on the SEC’s website. In other news, Vice President David P. Strauss sold 2,166 shares of the company’s stock on November 14. This information can be found in the previous sentence. This information was made available in the most recent update. The number of sold shares resulted in total revenue of $726,931.26, with an average price of $335.61 for each share. At present, the vice president has a stake in the company equal to 20,582 shares, which have a value of approximately $6,907,525.02 at the current market price. You will be taken to a legal file submitted to the SEC if you click on the link we have provided, where you will find additional information regarding the sale. In addition, on Friday, November 11, 74,227 shares of the company’s stock were sold by Stephen F. Angel, who is a director of the company. The sale of the shares took place at an average price of $330.51 per share, leading to a total sale volume of 24,532,765.77 dollars. Because of this transaction, the director now directly owns 345,877 shares of the company, which have an estimated value of approximately $114,315,807.27. The disclosure regarding the sale may be found in this section of the website. Insiders own the total number of shares in the company to the extent of 0.25 percent.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *