World Investment Advisors grew its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 38.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,829 shares of the basic materials company’s stock after acquiring an additional 1,073 shares during the quarter. World Investment Advisors’ holdings in Linde were worth $1,633,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of LIN. SG Americas Securities LLC boosted its position in Linde by 10,454.4% during the 4th quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after acquiring an additional 2,401,894 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Linde during the 3rd quarter worth approximately $453,274,000. Danske Bank A S acquired a new position in Linde during the 3rd quarter worth approximately $260,822,000. Nordea Investment Management AB boosted its position in Linde by 34.5% during the 4th quarter. Nordea Investment Management AB now owns 2,124,882 shares of the basic materials company’s stock worth $910,129,000 after acquiring an additional 544,850 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Linde in the 3rd quarter valued at approximately $206,747,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Trading Down 1.1%
Shares of Linde stock opened at $506.11 on Friday. The business has a fifty day simple moving average of $497.02 and a two-hundred day simple moving average of $459.41. Linde PLC has a 1 year low of $387.78 and a 1 year high of $521.28. The company has a market capitalization of $234.00 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 3.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is presently 42.50%.
Analyst Ratings Changes
Several research firms have recently commented on LIN. DZ Bank downgraded Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective for the company. in a report on Tuesday, February 10th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $540.00.
View Our Latest Stock Analysis on Linde
Insider Buying and Selling at Linde
In other Linde news, VP Guillermo Bichara sold 9,455 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares in the company, valued at $10,636,202.10. This trade represents a 29.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sean Durbin sold 6,520 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the transaction, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. The trade was a 44.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,332 shares of company stock worth $9,749,257 in the last quarter. Company insiders own 0.30% of the company’s stock.
About Linde
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
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