2 weeks Ago By ABMN Staff
CreativeOne Wealth LLC decreased its position in shares of Linde plc ( NASDAQ:LIN – Free Report ) by 83.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 508 shares of the basic materials company’s stock after selling 2,599 shares during the period.
CreativeOne Wealth LLC’s holdings in Linde were worth $213,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC bought a new stake in Linde in the 4th quarter valued at about $25,000.
Rakuten Securities Inc. boosted its stake in shares of Linde by 1,160.0% in the fourth quarter.
Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after buying an additional 58 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Linde during the fourth quarter worth approximately $28,000.
Global Wealth Strategies & Associates increased its stake in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the period.
Finally, Retirement Wealth Solutions LLC acquired a new position in Linde in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
Analyst Ratings Changes Several analysts have recently issued reports on LIN shares. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.
00 in a report on Monday, January 13th. Argus upgraded shares of Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Finally, Sanford C.
Bernstein raised shares of Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and an average target price of $498.00. Linde Trading Up 0.
9 % LIN opened at $452.12 on Monday. The company has a market cap of $213.
81 billion, a P/E ratio of 33.22, a PEG ratio of 3.08 and a beta of 0.
94. The company has a current ratio of 0.89, a quick ratio of 0.
76 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $455.
45 and its 200-day moving average is $450.91. Linde plc has a 1-year low of $408.
65 and a 1-year high of $487.49. Linde ( NASDAQ:LIN – Get Free Report ) last issued its earnings results on Thursday, February 6th.
The basic materials company reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.93 by $0.
04. Linde had a net margin of 19.89% and a return on equity of 18.
71%. Equities research analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.
Linde Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $1.50 dividend.
The ex-dividend date was Thursday, March 13th. This is an increase from Linde’s previous quarterly dividend of $1.39.
This represents a $6.00 annualized dividend and a yield of 1.33%.
Linde’s dividend payout ratio (DPR) is currently 44.09%. Insider Activity In other Linde news, VP David P.
Strauss sold 2,477 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.
98. Following the sale, the vice president now directly owns 1,300 shares of the company’s stock, valued at $610,662. The trade was a 65.
58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction that occurred on Thursday, February 20th.
The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84.
Following the completion of the transaction, the vice president now owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This trade represents a 31.
48 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 12,159 shares of company stock valued at $5,603,843.
0.60% of the stock is currently owned by corporate insiders. Linde Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc ( NASDAQ:LIN – Free Report ).
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