Forum Financial Management LP lifted its position in Linde plc (NASDAQ:LIN - Free Report) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,158 shares of the basic materials company's stock after buying an additional 565 shares during the quarter. Forum Financial Management LP's holdings in Linde were worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Helios Capital Management PTE. Ltd. lifted its stake in shares of Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company's stock worth $1,047,000 after buying an additional 1,150 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Linde by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company's stock worth $88,505,000 after buying an additional 1,320 shares during the last quarter. SYM FINANCIAL Corp acquired a new stake in shares of Linde in the fourth quarter worth $625,000. Perigon Wealth Management LLC lifted its stake in shares of Linde by 53.6% in the fourth quarter. Perigon Wealth Management LLC now owns 6,571 shares of the basic materials company's stock worth $2,842,000 after buying an additional 2,292 shares during the last quarter. Finally, Markel Group Inc. lifted its stake in shares of Linde by 8.4% in the fourth quarter. Markel Group Inc. now owns 168,000 shares of the basic materials company's stock worth $70,337,000 after buying an additional 13,000 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Linde Stock Performance
Linde stock traded down $5.44 on Wednesday, hitting $462.51. The company's stock had a trading volume of 2,241,948 shares, compared to its average volume of 1,958,098. The firm has a market cap of $217.71 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. 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 fifty day moving average price of $451.46 and a 200-day moving average price of $447.64. 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 announced its quarterly earnings results 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 net margin of 19.89% and a return on equity of 18.71%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.75 EPS. On average, equities analysts anticipate that Linde plc will post 16.54 earnings per share for the current year.
Linde Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's dividend payout ratio (DPR) is presently 43.57%.
Insider Buying and Selling at Linde
In other news, VP David P. Strauss sold 1,987 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the sale, the vice president now owns 22,639 shares of the company's stock, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on LIN. 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 note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $503.11.
View 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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