3Chopt Investment Partners LLC purchased a new position in Linde PLC (NASDAQ:LIN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 636 shares of the basic materials company's stock, valued at approximately $296,000.
Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Linde during the fourth quarter valued at approximately $2,901,853,000. Freemont Capital Pte Ltd purchased a new stake in Linde during the fourth quarter valued at approximately $2,128,233,000. GAMMA Investing LLC increased its holdings in Linde by 58,312.0% during the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock valued at $1,590,596,000 after buying an additional 3,410,087 shares during the last quarter. Capital World Investors increased its holdings in Linde by 34.4% during the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock valued at $4,834,631,000 after buying an additional 2,957,604 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Linde during the fourth quarter valued at approximately $468,360,000. 82.80% of the stock is currently owned by institutional investors.
Linde Price Performance
Shares of LIN traded down $0.67 during mid-day trading on Friday, reaching $463.79. The stock had a trading volume of 2,634,344 shares, compared to its average volume of 1,972,547. The firm has a market cap of $218.32 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 3.27 and a beta of 0.97. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The business has a fifty day moving average of $458.94 and a 200 day moving average of $449.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94.
Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter in the previous year, the firm earned $3.75 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Equities analysts predict that Linde PLC will post 16.54 EPS for the current year.
Linde Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde's dividend payout ratio (DPR) is presently 43.57%.
Insider Transactions at Linde
In related news, VP David P. Strauss sold 1,987 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the sale, the vice president now owns 22,639 shares of the company's stock, valued at $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the sale, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,720,279.42. The trade was a 47.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on LIN shares. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price for the company. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Argus raised shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $510.40.
Check Out Our Latest Stock Analysis on LIN
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.
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