Steigerwald Gordon & Koch Inc. raised its stake in Linde plc (NASDAQ:LIN - Free Report) by 4,421.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,470 shares of the basic materials company's stock after buying an additional 21,973 shares during the period. Steigerwald Gordon & Koch Inc.'s holdings in Linde were worth $10,463,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in LIN. Rakuten Securities Inc. boosted 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 purchasing an additional 58 shares in the last quarter. Putney Financial Group LLC bought a new stake in shares of Linde during the 4th quarter valued at about $31,000. Dunhill Financial LLC bought a new stake in shares of Linde during the 4th quarter valued at about $34,000. New Age Alpha Advisors LLC boosted its position 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 in the last quarter. Finally, Capital A Wealth Management LLC bought a new stake in shares of Linde during the 4th quarter valued at about $37,000. Institutional investors own 82.80% of the company's stock.
Insider Activity at Linde
In other Linde news, VP Sean Durbin sold 7,261 shares of the stock in a transaction on 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the transaction, 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 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
Several research analysts have issued reports on the company. Argus upgraded Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $503.11.
Read Our Latest Report on LIN
Linde Stock Down 0.7%
Shares of Linde stock traded down $3.51 on Thursday, hitting $470.26. The company had a trading volume of 1,678,826 shares, compared to its average volume of 1,963,499. The stock has a market capitalization of $221.36 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 3.08 and a beta of 1.00. Linde plc has a 1 year low of $408.65 and a 1 year high of $487.49. The stock has a 50 day moving average of $452.28 and a 200-day moving average of $448.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.
Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. The firm had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.75 earnings per share. As a group, sell-side analysts forecast that Linde plc will post 16.54 earnings per share for the current year.
Linde Announces Dividend
The business 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 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, June 4th. Linde's dividend payout ratio (DPR) is presently 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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