Proficio Capital Partners LLC raised its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,623 shares of the basic materials company's stock after buying an additional 682 shares during the quarter. Proficio Capital Partners LLC's holdings in Linde were worth $1,098,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company's stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Linde by 2,293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company's stock valued at $327,593,000 after purchasing an additional 749,763 shares in the last quarter. DJE Kapital AG purchased a new position in Linde in the fourth quarter worth about $121,442,000. World Investment Advisors LLC bought a new position in shares of Linde in the third quarter worth approximately $100,435,000. Finally, Geode Capital Management LLC grew its holdings in shares of Linde by 1.4% during the third quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company's stock valued at $5,217,197,000 after buying an additional 154,792 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.
Linde Stock Performance
LIN stock traded up $0.76 during trading on Monday, reaching $459.09. The stock had a trading volume of 2,049,516 shares, compared to its average volume of 1,724,670. The firm has a market cap of $217.11 billion, a PE ratio of 33.73, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average is $452.96 and its two-hundred day moving average is $454.23. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data 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 net margin of 19.89% and a return on equity of 18.71%. As a group, equities analysts anticipate that Linde plc will post 16.54 earnings per share for the current year.
Linde Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $1.50 per share. This is an increase from Linde's previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. Linde's payout ratio is presently 44.09%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. TD Cowen upgraded shares of Linde from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $501.82.
Get Our Latest Stock Report on Linde
Insider Transactions at Linde
In related news, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly owns 14,765 shares of the company's stock, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,159 shares of company stock worth $5,603,843 in the last three months. Corporate insiders own 0.60% of the company's stock.
Linde Profile
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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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