Janus Henderson Group PLC trimmed its position in Linde plc (NASDAQ:LIN - Free Report) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,499,353 shares of the basic materials company's stock after selling 419,417 shares during the quarter. Janus Henderson Group PLC owned 0.31% of Linde worth $627,713,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synergy Asset Management LLC bought a new stake in shares of Linde during the fourth quarter worth $25,000. Rakuten Securities Inc. lifted its holdings in 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 buying an additional 58 shares during the period. Strategic Financial Concepts LLC acquired a new position in Linde in the fourth quarter valued at $28,000. Retirement Wealth Solutions LLC acquired a new position in Linde in the fourth quarter valued at $34,000. Finally, Dunhill Financial LLC acquired a new position in shares of Linde during the fourth quarter valued at about $34,000. Institutional investors own 82.80% of the company's stock.
Linde Trading Up 0.8%
Shares of LIN stock traded up $3.55 during mid-day trading on Friday, reaching $457.77. The stock had a trading volume of 1,844,346 shares, compared to its average volume of 1,942,234. The stock's 50-day moving average price is $450.95 and its two-hundred day moving average price is $447.89. Linde plc has a 52-week low of $408.65 and a 52-week high of $487.49. The firm has a market capitalization of $215.48 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.
Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. The firm had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.75 EPS. Equities analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.
Linde Dividend Announcement
The business also recently announced 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's payout ratio is 43.57%.
Insider Buying and Selling
In other news, VP David P. Strauss sold 2,477 shares of the company'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 value of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares in the company, valued at approximately $610,662. This represents a 65.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Juergen Nowicki sold 6,782 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares of the company's stock, valued at $6,786,289.30. The trade was a 31.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
LIN has been the topic of a number of analyst reports. Argus upgraded shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $503.11.
Check Out Our Latest Stock Analysis 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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