Natixis Advisors LLC cut its stake in shares of Linde PLC (NASDAQ:LIN – Free Report) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 725,794 shares of the basic materials company’s stock after selling 153,381 shares during the period. Natixis Advisors LLC’s holdings in Linde were worth $309,471,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Darwin Wealth Management LLC bought a new position in shares of Linde during the second quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Linde during the third quarter worth approximately $29,000. Saranac Partners Ltd bought a new position in shares of Linde during the third quarter worth approximately $29,000. Strengthening Families & Communities LLC increased its holdings in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the period. Finally, Guerra Advisors Inc bought a new position in shares of Linde during the third quarter worth approximately $30,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Linde Stock Performance
Shares of Linde stock opened at $497.41 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Linde PLC has a twelve month low of $387.78 and a twelve month high of $521.28. The stock has a market cap of $229.98 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 3.12 and a beta of 0.73. The company’s fifty day moving average is $501.45 and its 200 day moving average is $466.12.
Linde Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.
Analyst Ratings Changes
Several research analysts have recently commented on LIN shares. JPMorgan Chase & Co. raised their target price on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group raised their target price on shares of Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. DZ Bank cut shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective on the stock. in a research note on Tuesday, February 10th. Finally, BMO Capital Markets restated an “outperform” rating and set a $560.00 price objective on shares of Linde in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Linde presently has an average rating of “Buy” and an average price target of $540.00.
Read Our Latest Stock Report on LIN
Insider Transactions at Linde
In other news, VP Guillermo Bichara sold 4,357 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the transaction, the vice president owned 22,138 shares of the company’s stock, valued at $10,643,729.02. This represents a 16.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sean Durbin sold 6,520 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the transaction, the executive vice president directly owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by corporate insiders.
Linde Company Profile
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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