Integrated Advisors Network LLC raised its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 32.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,594 shares of the basic materials company's stock after purchasing an additional 631 shares during the quarter. Integrated Advisors Network LLC's holdings in Linde were worth $1,208,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rakuten Securities Inc. increased 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 acquiring an additional 58 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the fourth quarter valued at $28,000. Putney Financial Group LLC bought a new position in shares of Linde in the fourth quarter valued at approximately $31,000. Dunhill Financial LLC purchased a new position in shares of Linde during the 4th quarter valued at $34,000. Finally, New Age Alpha Advisors LLC raised its holdings in shares of 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 acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.
Insider Buying and Selling
In other Linde news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction 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 completion of the sale, the vice president now directly owns 22,639 shares of the company's stock, valued at $10,346,928.56. The trade was a 8.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on LIN. Argus upgraded Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Royal Bank of Canada initiated coverage on Linde in a research report on Friday. They issued an "outperform" rating and a $576.00 target price for the company. Finally, Sanford C. Bernstein upgraded shares of 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, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.40.
Check Out Our Latest Report on Linde
Linde Stock Performance
NASDAQ LIN traded down $4.55 on Friday, hitting $465.98. 1,414,599 shares of the company traded hands, compared to its average volume of 1,968,385. The business's 50 day moving average price is $454.21 and its 200-day moving average price is $449.06. Linde plc has a 52-week low of $408.65 and a 52-week high of $487.49. 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 company has a market capitalization of $219.35 billion, a price-to-earnings ratio of 34.24, a P/E/G ratio of 3.08 and a beta of 0.97.
Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. The firm had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.75 EPS. Equities analysts expect 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. Stockholders of record on Wednesday, June 4th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Wednesday, June 4th. Linde's dividend payout ratio (DPR) is 43.57%.
Linde Company Profile
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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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