MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,405 shares of the basic materials company's stock after selling 15,348 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Linde worth $146,702,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. First Hawaiian Bank raised its stake in shares of Linde by 24.0% during the 4th quarter. First Hawaiian Bank now owns 1,097 shares of the basic materials company's stock worth $459,000 after purchasing an additional 212 shares in the last quarter. Czech National Bank raised its stake in shares of Linde by 5.4% during the 4th quarter. Czech National Bank now owns 103,241 shares of the basic materials company's stock worth $43,224,000 after purchasing an additional 5,314 shares in the last quarter. Threadgill Financial LLC raised its stake in shares of Linde by 114.9% during the 4th quarter. Threadgill Financial LLC now owns 14,771 shares of the basic materials company's stock worth $6,184,000 after purchasing an additional 7,898 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Linde by 14.5% during the 4th quarter. Brookstone Capital Management now owns 6,916 shares of the basic materials company's stock worth $2,896,000 after purchasing an additional 874 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its position in Linde by 15.0% in the fourth quarter. Capital Investment Advisors LLC now owns 1,206 shares of the basic materials company's stock worth $505,000 after acquiring an additional 157 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Linde
In other news, VP David P. Strauss sold 2,477 shares of the business's stock in a transaction dated 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 completion of the sale, the vice president now owns 1,300 shares of the company's stock, valued at approximately $610,662. The trade was a 65.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Juergen Nowicki sold 6,782 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at $6,786,289.30. This represents 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 owned by company insiders.
Wall Street Analysts Forecast Growth
Several analysts have commented on LIN shares. Argus raised shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and raised their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Three investment 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $503.11.
Read Our Latest Stock Report on LIN
Linde Stock Performance
Shares of LIN stock opened at $452.56 on Monday. The company's fifty day simple moving average is $452.15 and its 200-day simple moving average is $448.17. 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 firm has a market cap of $213.03 billion, a PE ratio of 33.25, a P/E/G ratio of 3.08 and a beta of 1.00. Linde plc has a 12 month low of $408.65 and a 12 month high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The company had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. During the same quarter in the prior year, the business posted $3.75 EPS. The business's revenue was up .1% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Wednesday, June 4th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's dividend payout ratio (DPR) is presently 43.57%.
Linde Company Profile
(
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.
Further Reading
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