Plimoth Trust Co. LLC lowered its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,786 shares of the basic materials company's stock after selling 976 shares during the quarter. Plimoth Trust Co. LLC's holdings in Linde were worth $3,160,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. raised its position in shares of Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after buying an additional 58 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Linde during the 4th quarter valued at $28,000. Putney Financial Group LLC purchased a new stake in shares of Linde during the 4th quarter valued at $31,000. Dunhill Financial LLC purchased a new stake in shares of Linde during the 4th quarter valued at $34,000. Finally, New Age Alpha Advisors LLC grew its holdings in shares of Linde by 34.9% during 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. Hedge funds and other institutional investors own 82.80% of the company's stock.
Insider Transactions at Linde
In other news, VP David P. Strauss sold 1,987 shares of the firm'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 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. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Sean Durbin sold 7,261 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the completion of the sale, the vice president now directly owns 8,151 shares of the company's stock, valued at approximately $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. Corporate insiders own 0.70% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Argus raised shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $510.40.
View Our Latest Analysis on Linde
Linde Trading Down 0.6%
Linde stock traded down $2.84 during trading hours on Friday, reaching $455.86. The stock had a trading volume of 4,363,832 shares, compared to its average volume of 1,976,795. The stock has a market cap of $214.58 billion, a PE ratio of 33.11, a PEG ratio of 3.24 and a beta of 0.97. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80. The company has a fifty day simple moving average of $457.70 and a 200-day simple moving average of $449.17.
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, topping analysts' consensus estimates of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The company's revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $3.75 EPS. Analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.
Linde Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.32%. Linde's dividend payout ratio 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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