Representative Greg Landsman (D-Ohio) recently sold shares of Linde plc NASDAQ: LIN. In a filing disclosed on November 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Linde stock on October 15th. The trade occurred in the Representative's "SARAH LANDSMAN TRADITIONAL IRA" account.
Representative Greg Landsman also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 10/15/2024.
- Sold $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 10/15/2024.
- Sold $15,001 - $50,000 in shares of Phillips 66 NYSE: PSX on 10/15/2024.
- Sold $15,001 - $50,000 in shares of Diamondback Energy NASDAQ: FANG on 10/15/2024.
- Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 10/15/2024.
- Sold $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 10/15/2024.
- Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 10/15/2024.
- Sold $15,001 - $50,000 in shares of Exxon Mobil NYSE: XOM on 10/15/2024.
- Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/15/2024.
- Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 9/10/2024.
Linde Stock Down 1.0 %
Shares of Linde stock traded down $4.39 during trading on Friday, hitting $449.10. 2,417,805 shares of the stock were exchanged, compared to its average volume of 1,836,589. The stock has a market cap of $213.84 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. The firm's 50-day moving average price is $470.08 and its 200 day moving average price is $452.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.63 earnings per share. As a group, analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde's dividend payout ratio (DPR) is presently 42.22%.
Analysts Set New Price Targets
Several brokerages recently weighed in on LIN. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Linde from $430.00 to $480.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. Bank of America boosted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $490.75.
View Our Latest Stock Report on Linde
Insiders Place Their Bets
In related news, VP John Panikar sold 10,025 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Linde
Institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of Linde in the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the second quarter valued at about $33,000. Kozak & Associates Inc. purchased a new stake in shares of Linde during the 3rd quarter valued at about $34,000. J.Safra Asset Management Corp acquired a new position in Linde during the 2nd quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP purchased a new position in Linde in the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 82.80% of the company's stock.
About Representative Landsman
Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Landsman is also a member of the Cincinnati City Council in Ohio. He assumed office on January 2, 2018. His current term ends on January 1, 2024. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2024 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.
About Linde
(
Get 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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