Meridian Wealth Partners LLC lifted its position in shares of Linde plc (NASDAQ:LIN – Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 482 shares of the basic materials company’s stock after acquiring an additional 24 shares during the period. Meridian Wealth Partners LLC’s holdings in Linde were worth $212,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Retirement Group LLC bought a new position in shares of Linde in the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in Linde during the second quarter worth about $28,000. Scarborough Advisors LLC bought a new position in Linde in the fourth quarter worth about $30,000. Johnson Financial Group Inc. boosted its stake in Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in Linde in the second quarter valued at approximately $33,000. 82.80% of the stock is currently owned by institutional investors.
Insider Activity
In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on LIN
Linde Price Performance
NASDAQ LIN opened at $471.66 on Wednesday. Linde plc has a 12 month low of $361.02 and a 12 month high of $479.79. The firm has a market capitalization of $226.72 billion, a PE ratio of 36.59, a P/E/G ratio of 2.93 and a beta of 0.94. The company’s 50 day simple moving average is $456.12 and its 200 day simple moving average is $449.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the previous year, the business earned $3.57 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts forecast that Linde plc will post 15.54 EPS for the current fiscal year.
Linde Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be given a dividend of $1.39 per share. The ex-dividend date is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.18%. Linde’s dividend payout ratio (DPR) is 43.13%.
Linde Profile
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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