Capital World Investors decreased its position in shares of Linde PLC (NYSE:LIN) by 32.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,527,111 shares of the basic materials company’s stock after selling 3,087,101 shares during the quarter. Capital World Investors owned 1.20% of Linde worth $1,390,977,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. First Trust Advisors LP grew its holdings in Linde by 450.4% in the 1st quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock worth $2,581,000 after acquiring an additional 12,003 shares during the last quarter. Voya Financial Advisors Inc. raised its stake in Linde by 2.8% during the third quarter. Voya Financial Advisors Inc. now owns 7,672 shares of the basic materials company’s stock valued at $1,470,000 after purchasing an additional 208 shares in the last quarter. united american securities inc. d b a uas asset management raised its stake in Linde by 233.3% during the third quarter. united american securities inc. d b a uas asset management now owns 5,000 shares of the basic materials company’s stock valued at $969,000 after purchasing an additional 3,500 shares in the last quarter. Stifel Financial Corp raised its stake in Linde by 11.6% during the third quarter. Stifel Financial Corp now owns 693,293 shares of the basic materials company’s stock valued at $134,427,000 after purchasing an additional 71,800 shares in the last quarter. Finally, Andra AP fonden raised its stake in Linde by 15.8% during the third quarter. Andra AP fonden now owns 11,700 shares of the basic materials company’s stock valued at $2,267,000 after purchasing an additional 1,600 shares in the last quarter. 75.41% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on LIN shares. Goldman Sachs Group started coverage on shares of Linde in a research note on Monday, February 3rd. They issued a “neutral” rating and a $217.00 target price on the stock. ValuEngine upgraded shares of Linde from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Berenberg Bank reiterated a “buy” rating on shares of Linde in a report on Wednesday, February 19th. Wells Fargo & Co dropped their target price on shares of Linde from $248.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. Finally, SunTrust Banks increased their target price on shares of Linde from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $227.93.
Shares of LIN opened at $165.30 on Thursday. The firm has a market cap of $89.81 billion, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 1.84 and a beta of 0.75. Linde PLC has a 12-month low of $146.71 and a 12-month high of $227.85. The company’s 50-day moving average price is $194.69 and its 200 day moving average price is $199.99. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.21.
Linde (NYSE:LIN) last released 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 the consensus estimate 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 previous year, the company posted $1.46 EPS. Equities research analysts forecast that Linde PLC will post 8.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were given a $0.963 dividend. The ex-dividend date was Thursday, March 5th. This is a positive change from Linde’s previous quarterly dividend of $0.88. This represents a $3.85 annualized dividend and a dividend yield of 2.33%.
In other Linde news, VP Christian Bruch sold 336 shares of Linde stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $162.99, for a total transaction of $54,764.64. Following the completion of the transaction, the vice president now owns 10,629 shares in the company, valued at approximately $1,732,420.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franz Fehrenbach purchased 1,400 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of $158.72 per share, with a total value of $222,208.00. Following the purchase, the director now directly owns 3,113 shares in the company, valued at approximately $494,095.36. The disclosure for this purchase can be found here. Over the last three months, insiders bought 6,400 shares of company stock valued at $1,046,538. Corporate insiders own 0.70% of the company’s stock.
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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