Representative Jared Moskowitz (D-Florida) recently bought shares of Linde plc NASDAQ: LIN. In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Linde stock on November 8th. The trade occurred in the Representative's "MORGAN STANLEY ACTIVE ASSETS (5)" account.
Representative Jared Moskowitz also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Elevance Health NYSE: ELV on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 11/8/2024.
- Sold $50,001 - $100,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.
- Sold $15,001 - $50,000 in shares of Seacoast Banking Co. of Florida NASDAQ: SBCF on 11/8/2024.
Linde Price Performance
Shares of NASDAQ LIN traded up $2.23 during trading on Tuesday, reaching $444.81. The company had a trading volume of 2,107,150 shares, compared to its average volume of 1,859,575. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The stock has a 50-day moving average price of $464.12 and a two-hundred day moving average price of $455.40. The stock has a market capitalization of $211.80 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93.
Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data 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. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the business posted $3.63 earnings per share. The company's revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Linde plc will post 15.48 earnings per share for the current year.
Linde Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde's payout ratio is currently 42.22%.
Insider Activity
In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company's stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on LIN. Erste Group Bank restated a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised 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. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $490.75.
Check Out Our Latest Research Report on LIN
Hedge Funds Weigh In On Linde
Hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC increased its position in shares of Linde by 6.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,875 shares of the basic materials company's stock valued at $2,139,000 after purchasing an additional 306 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Linde by 4.9% during the second quarter. Sequoia Financial Advisors LLC now owns 10,837 shares of the basic materials company's stock worth $4,755,000 after acquiring an additional 508 shares during the period. Bangor Savings Bank raised its position in Linde by 62.9% in the second quarter. Bangor Savings Bank now owns 101 shares of the basic materials company's stock worth $44,000 after acquiring an additional 39 shares in the last quarter. M&G Plc lifted its holdings in Linde by 1.2% in the 2nd quarter. M&G Plc now owns 185,903 shares of the basic materials company's stock valued at $81,611,000 after acquiring an additional 2,252 shares during the last quarter. Finally, Foguth Wealth Management LLC. acquired a new stake in Linde in the 2nd quarter valued at about $332,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
About Representative Moskowitz
Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida's 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state's Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor's degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz's career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.
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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