Primecap Management Co. CA boosted its stake in Linde plc (NASDAQ:LIN - Free Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,000 shares of the basic materials company's stock after acquiring an additional 1,000 shares during the period. Primecap Management Co. CA owned 0.06% of Linde worth $115,972,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in Linde in the fourth quarter valued at $25,000. Rakuten Securities Inc. raised its holdings in Linde by 1,160.0% in the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 58 shares in the last quarter. 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 valued at $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Linde in the fourth quarter valued at $34,000. Finally, Kozak & Associates Inc. raised its holdings in Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 27 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Linde
In related news, VP David P. Strauss sold 2,477 shares of the 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 transaction, the vice president now owns 1,300 shares in the company, valued at $610,662. This represents a 65.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the firm's stock in a transaction dated 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 owns 14,013 shares of the company's stock, valued at approximately $6,393,571.38. This trade 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 90 days. Corporate insiders own 0.60% of the company's stock.
Linde Stock Performance
Shares of LIN stock traded up $0.58 during trading hours on Friday, reaching $458.33. The stock had a trading volume of 4,967,504 shares, compared to its average volume of 1,723,191. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The firm has a 50-day simple moving average of $452.96 and a 200-day simple moving average of $454.49. The firm has a market capitalization of $216.75 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts' consensus estimates 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 forecast that Linde plc will post 16.54 earnings per share for the current year.
Linde Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, March 13th. This is a positive change from Linde's previous quarterly dividend of $1.39. Linde's dividend payout ratio is currently 44.09%.
Analyst Ratings Changes
Several research firms recently issued reports on LIN. Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and increased their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Linde has a consensus rating of "Moderate Buy" and an average price target of $501.82.
Read Our Latest Analysis on LIN
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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