Cvfg LLC purchased a new position in shares of Linde plc (NASDAQ:LIN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 790 shares of the basic materials company's stock, valued at approximately $331,000.
Several other institutional investors have also made changes to their positions in LIN. Kozak & Associates Inc. bought a new stake in Linde in the third quarter worth $34,000. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after buying an additional 42 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Linde during the 3rd quarter worth about $43,000. Voisard Asset Management Group Inc. boosted its stake in shares of Linde by 1,733.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company's stock worth $53,000 after acquiring an additional 104 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its holdings in shares of Linde by 618.8% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company's stock valued at $55,000 after acquiring an additional 99 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP David P. Strauss sold 2,218 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company's stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company's stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.
Several equities research analysts recently weighed in on the company. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday. Finally, Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Linde has an average rating of "Moderate Buy" and a consensus price target of $495.75.
Read Our Latest Stock Analysis on LIN
Shares of LIN stock opened at $432.49 on Friday. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The company has a market capitalization of $205.93 billion, a P/E ratio of 32.84, a P/E/G ratio of 2.42 and a beta of 0.94. The stock has a 50 day moving average of $437.98 and a two-hundred day moving average of $452.91. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.
Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.39 billion. During the same period last year, the business earned $3.63 earnings per share. Linde's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that Linde plc will post 15.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.29%. Linde's dividend payout ratio (DPR) is currently 42.22%.
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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