Catalina Capital Group LLC cut its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 68.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473 shares of the basic materials company's stock after selling 1,031 shares during the period. Catalina Capital Group LLC's holdings in Linde were worth $220,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of LIN. Rakuten Securities Inc. grew its stake in Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after buying an additional 58 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Linde in the 4th quarter valued at about $28,000. Putney Financial Group LLC acquired a new position in Linde in the 4th quarter valued at about $31,000. Dunhill Financial LLC acquired a new position in Linde in the 4th quarter valued at about $34,000. Finally, New Age Alpha Advisors LLC grew its stake in Linde by 34.9% in 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. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $510.40.
Read Our Latest Analysis on LIN
Linde Price Performance
Shares of NASDAQ LIN traded down $2.84 during trading hours on Friday, hitting $455.86. 4,363,832 shares of the stock were exchanged, compared to its average volume of 1,976,795. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94. The company has a market cap of $214.58 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 3.24 and a beta of 0.97. The company's fifty day simple moving average is $457.70 and its two-hundred day simple moving average is $449.17. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the business posted $3.75 EPS. On average, sell-side analysts predict that Linde PLC will post 16.54 EPS for the current year.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.32%. Linde's dividend payout ratio is 43.57%.
Insider Buying and Selling
In related news, VP Sean Durbin sold 7,261 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the transaction, the vice president now owns 8,151 shares of the company's stock, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction that occurred 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 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 disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
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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