Focus Partners Wealth trimmed its holdings in Linde plc (NASDAQ:LIN - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,861 shares of the basic materials company's stock after selling 6,935 shares during the quarter. Focus Partners Wealth's holdings in Linde were worth $43,902,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in Linde during the 4th quarter worth about $25,000. Rakuten Securities Inc. raised its holdings in Linde by 1,160.0% during 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. Strategic Financial Concepts LLC bought a new stake in Linde during the 4th quarter worth about $28,000. Retirement Wealth Solutions LLC bought a new stake in Linde during the 4th quarter worth about $34,000. Finally, Dunhill Financial LLC bought a new stake in Linde during the 4th quarter worth about $34,000. 82.80% of the stock is owned by institutional investors.
Insider Transactions at Linde
In related news, VP Juergen Nowicki sold 6,782 shares of the firm's stock in a transaction on 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. This trade represents a 31.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction 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 transaction, the vice president now directly owns 1,300 shares of the company's stock, valued at $610,662. This represents a 65.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on LIN. 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 research 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $503.11.
Read Our Latest Stock Analysis on Linde
Linde Stock Down 1.0%
LIN stock traded down $4.70 during mid-day trading on Wednesday, hitting $445.97. 1,941,349 shares of the company were exchanged, compared to its average volume of 1,939,593. 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 has a market cap of $209.93 billion, a P/E ratio of 32.77, a P/E/G ratio of 3.08 and a beta of 1.00. The firm's 50 day simple moving average is $451.56 and its 200 day simple moving average is $448.05. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $3.75 EPS. On average, sell-side analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.
Linde Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.35%. Linde's dividend payout ratio is currently 43.57%.
Linde Company 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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