5 Stocks to Buy According to Ian Simm’s Impax Management

2. Linde plc (NYSE:LIN)

Impax Management Stake Value: $862,602,000
Percentage of Impax Management’s 13F Portfolio: 3.54%
Number of Hedge Fund Holders: 46

Shares of industrial gases producer and trader Linde plc (NYSE:LIN) rallied 2.16% over the past twelve months. In October, Linde plc (NYSE:LIN) declared a quarterly dividend of $1.06 per share, in line with the previous.

In November, UBS analyst Andrew Stott raised his price target on Linde plc (NYSE:LIN) to EUR 350 from EUR 325 and maintained a “Buy” rating on the shares. In October, Linde plc (NYSE:LIN) reported earnings for the third quarter, posting earnings per share of $2.73, beating market estimates by $0.07. The revenue over the period was $7.7 billion, exceeding the analysts’ expectations by $170 million.

As of Q3 2021, 46 hedge funds tracked by Insider Monkey have positions in Linde plc (NYSE:LIN) worth $4.77 billion, down from 55 hedge funds in the previous quarter worth $5.92 billion.