Breed s Hill Capital LLC acquired a new stake in shares of Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 551 shares of the basic materials company's stock, valued at approximately $231,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors raised its position in shares of Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock valued at $4,834,631,000 after purchasing an additional 2,957,604 shares during the period. Geode Capital Management LLC increased its holdings in Linde by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company's stock valued at $4,598,551,000 after acquiring an additional 30,750 shares during the last quarter. Capital Research Global Investors increased its holdings in Linde by 6.4% in the 4th quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company's stock valued at $3,857,741,000 after acquiring an additional 554,480 shares during the last quarter. Norges Bank bought a new stake in Linde in the 4th quarter valued at $2,901,853,000. Finally, Freemont Capital Pte Ltd bought a new stake in Linde in the 4th quarter valued at $2,128,233,000. 82.80% of the stock is currently owned by institutional investors.
Insider Transactions at Linde
In related news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the transaction, the vice president now directly owns 22,639 shares of the company's stock, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.
Linde Stock Performance
Linde stock opened at $459.00 on Friday. The company's 50-day moving average price is $451.31 and its 200-day moving average price is $447.70. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49. 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 company has a market cap of $216.06 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00.
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 for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. Linde had a net margin of 19.89% and a return on equity of 18.71%. The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the previous year, the firm posted $3.75 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that Linde plc will post 16.54 EPS for the current fiscal year.
Linde Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. Linde's dividend payout ratio (DPR) is presently 43.57%.
Analysts Set New Price Targets
A number of analysts have issued reports on LIN shares. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Argus upgraded shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Linde has a consensus rating of "Moderate Buy" and a consensus target price of $503.11.
Read Our Latest Analysis on LIN
About Linde
(
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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