Segall Bryant & Hamill LLC decreased its holdings in Linde plc (NASDAQ:LIN - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,866 shares of the basic materials company's stock after selling 1,187 shares during the period. Segall Bryant & Hamill LLC's holdings in Linde were worth $19,622,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Linde by 372.8% in the third 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 buying an additional 2,592,682 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of Linde by 56,467.9% in the fourth quarter. Proficio Capital Partners LLC now owns 1,097,982 shares of the basic materials company's stock worth $459,692,000 after purchasing an additional 1,096,041 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings 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 buying an additional 749,763 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Linde in the 4th quarter valued at about $308,251,000. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in Linde by 467.9% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 827,979 shares of the basic materials company's stock worth $374,780,000 after acquiring an additional 682,176 shares in the last quarter. Institutional investors own 82.80% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in 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 upgraded Linde from a "hold" rating to a "buy" rating and raised their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Linde has an average rating of "Moderate Buy" and a consensus target price of $501.82.
Get Our Latest Analysis on LIN
Insider Buying and Selling at Linde
In related news, VP David P. Strauss sold 2,477 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 1,300 shares in the company, valued at approximately $610,662. This represents a 65.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Wood sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was 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 of the company's stock, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,159 shares of company stock worth $5,603,843. 0.60% of the stock is owned by insiders.
Linde Stock Down 1.2 %
Shares of LIN traded down $5.62 during trading hours on Friday, hitting $459.11. The company had a trading volume of 1,334,712 shares, compared to its average volume of 1,876,018. The company has a market capitalization 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. 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 company's fifty day moving average price is $456.09 and its two-hundred day moving average price is $454.28. Linde plc has a one year low of $410.69 and a one year 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 (EPS) 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 fiscal year.
Linde Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, March 13th. This is an increase 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 dividend payout ratio is presently 44.09%.
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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