Van ECK Associates Corp grew its stake in shares of Linde PLC (NYSE:LIN) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).The fund owned 24,153 shares of the basic materials company’s stock after buying an additional 1,263 shares during the period.Van ECK Associates Corp’s holdings in Linde were worth $5,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company.Lido Advisors LLC increased its position in Linde by 1.6% during the fourth quarter.Lido Advisors LLC now owns 2,938 shares of the basic materials company’s stock valued at $626,000 after acquiring an additional 47 shares during the last quarter.Waldron Private Wealth LLC lifted its stake in Linde by 3.7% in the fourth quarter.Waldron Private Wealth LLC now owns 1,319 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 47 shares during the period.Boys Arnold & Co.
Inc.lifted its stake in Linde by 1.9% in the fourth quarter.Boys Arnold & Co.Inc.
now owns 2,700 shares of the basic materials company’s stock worth $575,000 after acquiring an additional 50 shares during the period.Global Financial Private Capital Inc lifted its stake in Linde by 5.0% in the fourth quarter.Global Financial Private Capital Inc now owns 1,063 shares of the basic materials company’s stock worth $226,000 after acquiring an additional 51 shares during the period.Finally, Delta Asset Management LLC TN lifted its stake in Linde by 8.9% in the fourth quarter.Delta Asset Management LLC TN now owns 720 shares of the basic materials company’s stock worth $153,000 after acquiring an additional 59 shares during the period.Hedge funds and other institutional investors own 75.67% of the company’s stock.
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Shares of LIN traded down $3.50 during mid-day trading on Thursday, hitting $154.01.4,296,142 shares of the company traded hands, compared to its average volume of 2,644,508.Linde PLC has a 1-year low of $146.71 and a 1-year high of $227.85.The company has a quick ratio of 0.71, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.The company has a market capitalization of $89.30 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 1.82 and a beta of 0.75.The business has a 50 day moving average of $201.95 and a 200 day moving average of $201.17.
Linde (NYSE:LIN) last posted its quarterly earnings data on Thursday, February 13th.
The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.05.Linde had a net margin of 8.09% and a return on equity of 7.54%.The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.95 billion.During the same quarter in the prior year, the company posted $1.46 earnings per share.
As a group, research analysts expect that Linde PLC will post 8.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th.Investors of record on Friday, March 6th will be issued a $0.963 dividend.
This represents a $3.85 annualized dividend and a yield of 2.50%.The ex-dividend date of this dividend is Thursday, March 5th.This is an increase from Linde’s previous quarterly dividend of $0.88.
In other Linde news, CEO Stephen F.Angel purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th.The shares were bought at an average price of $173.13 per share, for a total transaction of $519,390.00.Also, EVP Anne K.
Roby sold 2,402 shares of the stock in a transaction that occurred on Friday, December 20th.The stock was sold at an average price of $212.17, for a total transaction of $509,632.34.Following the completion of the transaction, the executive vice president now owns 36,433 shares in the company, valued at approximately $7,729,989.61.The disclosure for this sale can be found here .In the last quarter, insiders purchased 6,400 shares of company stock worth $1,046,538.0.70% of the stock is owned by corporate insiders.
Several analysts have commented on the stock.
ValuEngine raised shares of Linde from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd.Goldman Sachs Group assumed coverage on shares of Linde in a research report on Monday, February 3rd.They set a “neutral” rating and a $217.00 price target for the company.
SunTrust Banks increased their price target on shares of Linde from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th.Pareto Securities raised shares of Linde to a “hold” rating in a research report on Tuesday, December 10th.Finally, Deutsche Bank increased their price target on shares of Linde from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 14th.
One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock.The stock has a consensus rating of “Buy” and a consensus price target of $224.41.
Linde Profile
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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