Westwood Holdings Group Inc. boosted its position in Linde plc (NASDAQ:LIN - Free Report) by 527.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,038 shares of the basic materials company's stock after buying an additional 3,394 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Linde were worth $1,691,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in shares of Linde in the 4th quarter worth approximately $25,000. Rakuten Securities Inc. increased its stake in shares of Linde by 1,160.0% in the fourth 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 during the period. Strategic Financial Concepts LLC acquired a new position in shares of Linde during the fourth quarter valued at $28,000. Dunhill Financial LLC bought a new stake in shares of Linde during the fourth quarter valued at about $34,000. Finally, New Age Alpha Advisors LLC lifted its holdings in Linde by 34.9% in the fourth 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 period. Institutional investors and hedge funds own 82.80% of the company's stock.
Analyst Upgrades and Downgrades
LIN has been the subject of a number of research reports. Argus raised Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Three equities 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $503.11.
Get Our Latest Analysis on Linde
Linde Stock Down 0.0%
Linde stock traded down $0.10 during trading hours on Monday, hitting $458.90. The company had a trading volume of 1,627,024 shares, compared to its average volume of 1,948,584. The firm's fifty day moving average is $451.27 and its 200-day moving average is $447.50. The firm has a market capitalization of $216.02 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. Linde plc has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.
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, topping the consensus estimate of $3.92 by $0.03. The company had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.75 EPS. On average, research analysts forecast that Linde plc will post 16.54 earnings per share for the current year.
Linde Announces Dividend
The company also recently declared 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, June 4th. Linde's dividend payout ratio is 43.57%.
Insider Transactions at Linde
In related news, VP David P. Strauss sold 1,987 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the transaction, the vice president now owns 22,639 shares of the company's stock, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.
Linde 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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