Congress Wealth Management LLC DE raised its holdings in Linde plc (NASDAQ:LIN - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,278 shares of the basic materials company's stock after buying an additional 1,198 shares during the quarter. Congress Wealth Management LLC DE's holdings in Linde were worth $16,445,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in LIN. Synergy Asset Management LLC purchased a new position in shares of Linde during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. grew its stake in Linde by 1,160.0% in the fourth 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. Global Wealth Strategies & Associates raised its holdings in Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Linde during the fourth quarter valued at $34,000. Finally, Kozak & Associates Inc. boosted its holdings in shares of Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company's stock valued at $40,000 after buying an additional 27 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.
Linde Stock Down 1.2 %
NASDAQ LIN traded down $5.62 during mid-day trading on Friday, reaching $459.11. The stock had a trading volume of 1,334,712 shares, compared to its average volume of 1,876,018. The stock has a market cap of $217.12 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year 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. The company has a fifty day moving average price of $456.09 and a 200 day moving average price of $454.28.
Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping 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, research analysts expect that Linde plc will post 16.54 earnings per share for the current year.
Linde Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $1.50 dividend. The ex-dividend date was Thursday, March 13th. This is a positive change from Linde's previous quarterly dividend of $1.39. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. Linde's payout ratio is currently 44.09%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. TD Cowen raised shares of 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 research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $501.82.
Check Out Our Latest Stock Analysis on Linde
Insider Activity
In related news, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the sale, the vice president now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David P. Strauss sold 2,477 shares of the company's stock in a transaction 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 sale, the vice president now 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. Insiders sold 12,159 shares of company stock valued at $5,603,843 over the last three months. 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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