Tidal Investments LLC increased its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 26.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,376 shares of the basic materials company's stock after purchasing an additional 5,352 shares during the quarter. Tidal Investments LLC's holdings in Linde were worth $10,624,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Wrapmanager Inc. boosted its position in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock valued at $709,000 after purchasing an additional 22 shares during the last quarter. Knuff & Co LLC boosted its stake in shares of Linde by 8.8% during the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock worth $114,000 after acquiring an additional 22 shares during the period. New Age Alpha Advisors LLC boosted its stake 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 worth $36,000 after acquiring an additional 22 shares during the period. Concord Asset Management LLC VA raised its stake in Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock valued at $1,999,000 after acquiring an additional 23 shares during the period. Finally, Fourpath Capital Management LLC lifted its holdings in Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock valued at $1,732,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Linde
In other news, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the completion of the sale, the vice president now owns 1,300 shares of the company's stock, valued at $610,662. This trade represents a 65.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company's stock.
Linde Price Performance
Shares of NASDAQ LIN traded up $3.50 during midday trading on Thursday, reaching $459.00. 1,653,470 shares of the company were exchanged, compared to its average volume of 1,944,452. Linde plc has a one year low of $408.65 and a one year high of $487.49. The stock's 50-day moving average price is $451.34 and its 200-day moving average price is $447.70. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a market cap of $216.06 billion, a P/E ratio of 33.73, a PEG ratio of 3.08 and a beta of 1.00.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) 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 firm had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the firm earned $3.75 earnings per share. The company's revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.31%. Linde's payout ratio is 43.57%.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Argus raised Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Three 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 stock has an average rating of "Moderate Buy" and an average target price of $503.11.
Read Our Latest Research Report 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.
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