Tairen Capital Ltd bought a new position in Linde plc (NASDAQ:LIN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 10,000 shares of the basic materials company's stock, valued at approximately $4,187,000.
Several other institutional investors and hedge funds have also recently modified their holdings of LIN. Norges Bank purchased a new position in Linde during the 4th quarter valued at about $2,901,853,000. Freemont Capital Pte Ltd purchased a new position in Linde during the 4th quarter valued at about $2,128,233,000. Capital World Investors lifted its position in Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock valued at $4,834,631,000 after acquiring an additional 2,957,604 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in Linde during the 4th quarter valued at about $468,360,000. Finally, Proficio Capital Partners LLC lifted its position in Linde by 56,467.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,097,982 shares of the basic materials company's stock valued at $459,692,000 after acquiring an additional 1,096,041 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares of the company's stock, valued at $610,662. The trade was a 65.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares in the company, valued at approximately $6,786,289.30. The trade was a 31.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.
Linde Stock Performance
Shares of LIN stock opened at $457.77 on Friday. The company has a 50 day moving average price of $451.02 and a 200-day moving average price of $447.60. Linde plc has a 52 week low of $408.65 and a 52 week high of $487.49. The firm has a market capitalization of $215.48 billion, a PE ratio of 33.63, a P/E/G ratio of 3.08 and a beta of 1.00. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.
Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.92 by $0.03. The business 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 revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm posted $3.75 earnings per share. As a group, equities research analysts expect that Linde plc will post 16.54 earnings per share for the current year.
Linde Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.31%. Linde's payout ratio is 43.57%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on LIN shares. Argus raised shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein raised shares of 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 assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Linde presently has an average rating of "Moderate Buy" and a consensus price target of $503.11.
Read Our Latest Analysis on LIN
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.
Further Reading
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