Fort Washington Investment Advisors Inc. OH raised its holdings in Linde plc (NASDAQ:LIN - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,667 shares of the basic materials company's stock after acquiring an additional 3,147 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Linde were worth $38,959,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Rakuten Securities Inc. boosted its position in shares of Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after buying an additional 58 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Linde during the fourth quarter worth about $28,000. Putney Financial Group LLC acquired a new position in shares of Linde during the fourth quarter worth about $31,000. Dunhill Financial LLC acquired a new position in shares of Linde during the fourth quarter worth about $34,000. Finally, New Age Alpha Advisors LLC boosted its position in shares of Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after buying an additional 22 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Linde
In other news, VP David P. Strauss sold 1,987 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the transaction, the vice president now owns 22,639 shares in the company, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sean Durbin sold 7,261 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the transaction, the vice president now owns 8,151 shares in the company, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.
Linde Stock Performance
NASDAQ:LIN traded up $1.99 on Thursday, hitting $470.53. The company's stock had a trading volume of 1,571,445 shares, compared to its average volume of 1,969,324. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $453.31 and a two-hundred day moving average of $448.95. The firm has a market capitalization of $221.49 billion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 3.08 and a beta of 0.97. Linde plc has a one year low of $408.65 and a one year high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.03. The firm had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.75 earnings per share. Research analysts predict that Linde plc will post 16.54 earnings per share for the current year.
Linde Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.28%. Linde's dividend payout ratio is 43.57%.
Analyst Ratings Changes
LIN has been the subject of several recent research reports. Argus raised Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Linde presently has an average rating of "Moderate Buy" and an average price target of $503.11.
Read Our Latest Report on Linde
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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