Texas Bank & Trust Co bought a new stake in Linde plc (NASDAQ:LIN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,194 shares of the basic materials company's stock, valued at approximately $919,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in Linde in the 4th quarter valued at $25,000. Rakuten Securities Inc. grew its position in 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 purchasing an additional 58 shares during the last quarter. Dunhill Financial LLC acquired a new stake in Linde in the 4th quarter worth $34,000. Retirement Wealth Solutions LLC acquired a new stake in Linde in the 4th quarter worth $34,000. Finally, New Age Alpha Advisors LLC grew 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 worth $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.
Linde Price Performance
Shares of Linde stock opened at $457.77 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The firm's 50-day simple moving average is $451.02 and its 200-day simple moving average is $447.60. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49. The firm has a market cap of $215.48 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00.
Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a net margin of 19.89% and a return on equity of 18.71%. The business had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. During the same period in the previous year, the business earned $3.75 EPS. The firm's revenue was up .1% on a year-over-year basis. As a group, research analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.
Linde Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, June 4th. Linde's dividend payout ratio is currently 43.57%.
Analyst Ratings Changes
Several analysts have issued reports on LIN shares. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of 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 issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Linde presently has a consensus rating of "Moderate Buy" and a consensus price target of $503.11.
Read Our Latest Stock Report on LIN
Insider Activity at Linde
In other Linde news, VP Juergen Nowicki sold 6,782 shares of the business's 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 completion of the transaction, the vice president now directly owns 14,765 shares of the company's stock, valued at approximately $6,786,289.30. The trade was a 31.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the business's stock in a transaction that occurred on 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 sale, the vice president now directly owns 1,300 shares of the company's stock, valued at approximately $610,662. This trade represents a 65.58% 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 insiders.
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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