Inspire Trust Co. N.A. grew its position in Linde plc (NASDAQ:LIN - Free Report) by 40.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,450 shares of the basic materials company's stock after buying an additional 2,430 shares during the period. Inspire Trust Co. N.A.'s holdings in Linde were worth $3,538,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Linde in the fourth quarter valued at approximately $2,901,853,000. Freemont Capital Pte Ltd bought a new stake in shares of Linde during the fourth quarter worth $2,128,233,000. Capital World Investors raised its holdings in shares of Linde by 34.4% during the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock worth $4,834,631,000 after acquiring an additional 2,957,604 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in Linde in the 4th quarter valued at $468,360,000. Finally, Proficio Capital Partners LLC lifted its position in Linde by 56,467.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,097,982 shares of the basic materials company's stock valued at $459,692,000 after acquiring an additional 1,096,041 shares in the last quarter. Institutional investors own 82.80% of the company's stock.
Wall Street Analysts Forecast Growth
LIN has been the subject of a number of research reports. Argus upgraded Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $503.11.
Get Our Latest Analysis on Linde
Insider Buying and Selling
In related news, VP David P. Strauss sold 1,987 shares of the stock in a transaction on Friday, May 16th. The stock was 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 in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
Linde Stock Performance
Shares of NASDAQ LIN opened at $455.50 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The stock has a 50 day moving average price of $451.34 and a 200 day moving average price of $447.70. The stock has a market capitalization of $214.41 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. Linde plc has a 52 week low of $408.65 and a 52 week 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 EPS for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The company had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter in the prior year, the firm posted $3.75 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.
Linde Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's payout ratio is currently 43.57%.
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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