University of Texas Texas AM Investment Management Co. cut its holdings in Linde plc (NASDAQ:LIN - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the basic materials company's stock after selling 4,560 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Linde were worth $2,554,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Linde in the 4th quarter valued at $4,623,000. GTS Securities LLC grew its stake in shares of Linde by 152.4% during the 4th quarter. GTS Securities LLC now owns 3,037 shares of the basic materials company's stock worth $1,272,000 after purchasing an additional 8,830 shares during the period. Breed s Hill Capital LLC purchased a new position in Linde in the fourth quarter valued at about $231,000. Vise Technologies Inc. raised its holdings in Linde by 127.0% during the fourth quarter. Vise Technologies Inc. now owns 6,435 shares of the basic materials company's stock worth $2,694,000 after purchasing an additional 3,600 shares during the last quarter. Finally, City National Bank of Florida MSD purchased a new stake in shares of Linde in the 4th quarter worth about $216,000. 82.80% of the stock is owned by hedge funds and other institutional investors.
Linde Stock Down 1.0%
Shares of NASDAQ:LIN traded down $4.59 during mid-day trading on Wednesday, hitting $463.36. 761,005 shares of the company traded hands, compared to its average volume of 1,949,487. The firm has a market cap of $218.12 billion, a P/E ratio of 34.05, a PEG ratio of 3.08 and a beta of 1.00. Linde plc has a 52-week low of $408.65 and a 52-week high of $487.49. The firm's 50 day simple moving average is $451.46 and its 200 day simple moving average is $447.64. 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 posted its quarterly earnings data 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 company had revenue of $8.11 billion for 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%. Linde's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.75 EPS. On average, equities analysts anticipate that Linde plc will post 16.54 EPS for the current year.
Linde Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders 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 dividend yield of 1.29%. Linde's payout ratio is 43.57%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on LIN. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Argus raised shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $503.11.
View Our Latest Stock Analysis on LIN
Insider Buying and Selling at Linde
In other Linde news, VP David P. Strauss sold 1,987 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now owns 22,639 shares in the company, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is 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.
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