Bolthouse Investments LLC purchased a new position in shares of Linde plc (NASDAQ:LIN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,135 shares of the basic materials company's stock, valued at approximately $475,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in Linde during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. grew its stake in shares of 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 period. Strategic Financial Concepts LLC purchased a new position in shares of Linde during the 4th quarter valued at approximately $28,000. Global Wealth Strategies & Associates lifted its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 42 shares during the period. Finally, Retirement Wealth Solutions LLC purchased a new stake in Linde during the fourth quarter worth $34,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on LIN shares. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and lifted their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, Argus upgraded Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $498.00.
Check Out Our Latest Stock Analysis on LIN
Linde Price Performance
Shares of Linde stock traded up $2.58 during mid-day trading on Tuesday, reaching $450.58. 1,213,990 shares of the stock traded hands, compared to its average volume of 1,949,242. 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 business has a 50-day moving average of $454.08 and a 200 day moving average of $450.06. The stock has a market capitalization of $213.08 billion, a PE ratio of 33.11, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, analysts predict that Linde plc will post 16.54 EPS for the current year.
Linde Dividend Announcement
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 given a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.33%. Linde's payout ratio is presently 44.09%.
Insider Activity at Linde
In related news, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the sale, the vice president now directly owns 1,300 shares of the company's stock, valued at approximately $610,662. This trade represents a 65.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,159 shares of company stock valued at $5,603,843. Corporate insiders own 0.60% of the company's stock.
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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