Worldquant Millennium Advisors LLC purchased a new position in shares of Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,867 shares of the basic materials company's stock, valued at approximately $1,619,000.
Several other hedge funds and other institutional investors also recently modified their holdings of LIN. Synergy Asset Management LLC bought a new stake in shares of Linde in the 4th quarter worth about $25,000. Rakuten Securities Inc. increased its position in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Linde in the 4th quarter worth about $28,000. Dunhill Financial LLC bought a new stake in shares of Linde during the 4th quarter valued at about $34,000. Finally, New Age Alpha Advisors LLC grew its position in shares of Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after buying an additional 22 shares during the last quarter. Institutional investors own 82.80% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Argus raised shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $503.11.
Get Our Latest Research Report on Linde
Insider Buying and Selling at Linde
In other news, VP David P. Strauss sold 2,477 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the sale, the vice president now directly owns 1,300 shares of the company's stock, valued at approximately $610,662. This represents a 65.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.
Linde Trading Up 0.8%
Linde stock opened at $459.00 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $451.31 and a two-hundred day moving average price of $447.70. The firm has a market capitalization of $216.06 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 3.08 and a beta of 1.00. Linde plc has a 52-week low of $408.65 and a 52-week high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. The firm had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. Linde's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $3.75 EPS. Sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current year.
Linde Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, June 4th. Linde's payout ratio is 43.57%.
Linde Profile
(
Free Report)
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.
Further Reading
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