Pinnacle Wealth Planning Services Inc. cut its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 30.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,333 shares of the basic materials company's stock after selling 1,017 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Linde were worth $977,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in Linde during the 4th quarter worth about $25,000. Rakuten Securities Inc. raised its position in shares of Linde by 1,160.0% in the 4th 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. Putney Financial Group LLC bought a new position in shares of Linde in the 4th quarter worth about $31,000. Dunhill Financial LLC bought a new position in shares of Linde in the 4th quarter worth about $34,000. Finally, New Age Alpha Advisors LLC raised its position 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 worth $36,000 after acquiring an additional 22 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.
Linde Stock Up 0.1%
Linde stock traded up $0.32 during midday trading on Friday, reaching $464.40. The stock had a trading volume of 4,344,668 shares, compared to its average volume of 1,969,338. Linde plc has a 12 month low of $408.65 and a 12 month high of $487.49. The company has a market capitalization of $218.60 billion, a P/E ratio of 34.12, a PEG ratio of 3.08 and a beta of 1.00. The company has a fifty day moving average price of $451.78 and a two-hundred day moving average price of $447.85. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.
Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating 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 business had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. During the same period in the previous year, the company posted $3.75 EPS. The firm's revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.
Linde Announces Dividend
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 given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, June 4th. Linde's payout ratio is 43.57%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $503.11.
Read Our Latest Research Report on Linde
Insiders Place Their Bets
In other Linde news, VP David P. Strauss sold 1,987 shares of the business's 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 completion of the sale, the vice president now directly owns 22,639 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, VP Sean Durbin sold 7,261 shares of the business's 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 sale, the vice president now directly 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. In the last ninety days, insiders sold 11,725 shares of company stock valued at $5,385,750. Corporate insiders own 0.70% of the company's stock.
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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