Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Linde plc (NASDAQ:LIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,041 shares of the basic materials company's stock, valued at approximately $4,623,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC acquired a new stake in Linde in the fourth quarter worth $25,000. Rakuten Securities Inc. grew 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 during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Linde during the fourth quarter worth about $28,000. Dunhill Financial LLC acquired a new stake in shares of Linde in the 4th quarter worth about $34,000. Finally, New Age Alpha Advisors LLC lifted its position 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 purchasing an additional 22 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the completion of the sale, the vice president now directly owns 1,300 shares in the company, valued at approximately $610,662. This trade represents a 65.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have issued reports on LIN. Argus raised shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Three equities research 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $503.11.
Read Our Latest Stock Report on LIN
Linde Trading Up 0.8%
Shares of NASDAQ:LIN opened at $459.00 on Friday. The company has a 50 day moving average of $451.31 and a 200-day moving average of $447.70. 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 firm has a market cap of $216.06 billion, a P/E ratio of 33.73, a P/E/G ratio of 3.08 and a beta of 1.00. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The firm had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the prior year, the firm posted $3.75 earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.
Linde Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.31%. Linde's dividend payout ratio is currently 43.57%.
Linde Profile
(
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.
Further Reading
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