Profund Advisors LLC lowered its stake in shares of Linde PLC (NYSE:LIN) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,610 shares of the basic materials company’s stock after selling 426 shares during the quarter. Profund Advisors LLC’s holdings in Linde were worth $3,962,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in LIN. Lido Advisors LLC lifted its position in shares of Linde by 1.6% during the 4th quarter. Lido Advisors LLC now owns 2,938 shares of the basic materials company’s stock valued at $626,000 after buying an additional 47 shares during the last quarter. Waldron Private Wealth LLC lifted its holdings in Linde by 3.7% during the 4th quarter. Waldron Private Wealth LLC now owns 1,319 shares of the basic materials company’s stock worth $280,000 after purchasing an additional 47 shares in the last quarter. Boys Arnold & Co. Inc. lifted its holdings in Linde by 1.9% during the 4th quarter. Boys Arnold & Co. Inc. now owns 2,700 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 50 shares in the last quarter. Global Financial Private Capital Inc lifted its holdings in Linde by 5.0% during the 4th quarter. Global Financial Private Capital Inc now owns 1,063 shares of the basic materials company’s stock worth $226,000 after purchasing an additional 51 shares in the last quarter. Finally, Delta Asset Management LLC TN lifted its holdings in Linde by 8.9% during the 4th quarter. Delta Asset Management LLC TN now owns 720 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 75.41% of the company’s stock.
In other Linde news, CEO Stephen F. Angel acquired 3,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $173.13 per share, for a total transaction of $519,390.00. Also, CEO Stephen F. Angel acquired 2,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was acquired at an average price of $152.47 per share, with a total value of $304,940.00. Following the acquisition, the chief executive officer now owns 201,952 shares in the company, valued at approximately $30,791,621.44. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,400 shares of company stock valued at $1,046,538. Company insiders own 0.70% of the company’s stock.
LIN stock traded up $8.89 during trading on Thursday, hitting $174.19. 2,725,978 shares of the company traded hands, compared to its average volume of 2,734,659. The firm has a market capitalization of $89.81 billion, a PE ratio of 41.47, a P/E/G ratio of 1.84 and a beta of 0.75. Linde PLC has a 1 year low of $146.71 and a 1 year high of $227.85. The company has a 50-day moving average of $194.69 and a 200-day moving average of $199.99. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.71 and a current ratio of 0.85.
Linde (NYSE:LIN) last issued its earnings results on Thursday, February 13th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.05. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.95 billion. Linde had a return on equity of 7.54% and a net margin of 8.09%. During the same period in the prior year, the business posted $1.46 EPS. Sell-side analysts expect that Linde PLC will post 8.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a $0.963 dividend. The ex-dividend date was Thursday, March 5th. This represents a $3.85 annualized dividend and a yield of 2.21%. This is a boost from Linde’s previous quarterly dividend of $0.88.
LIN has been the topic of a number of recent research reports. ValuEngine raised Linde from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. SunTrust Banks increased their price objective on Linde from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Deutsche Bank increased their price objective on Linde from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Cfra raised Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $215.00 to $245.00 in a report on Thursday, February 13th. Finally, Pareto Securities raised Linde to a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $227.93.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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