SOA Wealth Advisors LLC. purchased a new position in Linde plc (NYSE:LIN) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 477 shares of the basic materials company’s stock, valued at approximately $120,000.
Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Linde during the fourth quarter worth about $2,719,979,000. BlackRock Inc. grew its holdings in shares of Linde by 3.2% during the fourth quarter. BlackRock Inc. now owns 31,465,193 shares of the basic materials company’s stock worth $8,291,395,000 after buying an additional 973,130 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Linde by 9.4% during the fourth quarter. Bank of New York Mellon Corp now owns 10,126,594 shares of the basic materials company’s stock worth $2,668,460,000 after buying an additional 866,271 shares in the last quarter. Egerton Capital UK LLP grew its holdings in shares of Linde by 36.4% during the fourth quarter. Egerton Capital UK LLP now owns 2,867,696 shares of the basic materials company’s stock worth $755,667,000 after buying an additional 765,279 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Linde by 23.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,644,003 shares of the basic materials company’s stock worth $958,305,000 after buying an additional 688,229 shares in the last quarter. Institutional investors own 72.64% of the company’s stock.
Shares of NYSE LIN opened at $281.35 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83 and a quick ratio of 0.71. The stock’s fifty day moving average price is $263.71 and its two-hundred day moving average price is $252.41. Linde plc has a one year low of $172.76 and a one year high of $286.98. The firm has a market cap of $147.10 billion, a price-to-earnings ratio of 66.83, a P/E/G ratio of 2.66 and a beta of 0.78.
Linde (NYSE:LIN) last announced its quarterly earnings data on Thursday, February 4th. The basic materials company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.16. Linde had a return on equity of 8.56% and a net margin of 8.29%. The business had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $6.97 billion. On average, equities analysts anticipate that Linde plc will post 8.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 22nd. Investors of record on Friday, March 5th were given a dividend of $1.06 per share. This is an increase from Linde’s previous quarterly dividend of $0.96. This represents a $4.24 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Thursday, March 4th. Linde’s dividend payout ratio is currently 57.77%.
LIN has been the subject of a number of analyst reports. Zacks Investment Research downgraded Linde from a “buy” rating to a “hold” rating in a research note on Thursday, February 18th. UBS Group restated a “buy” rating on shares of Linde in a research note on Monday, February 8th. Kepler Capital Markets restated a “buy” rating on shares of Linde in a research note on Wednesday, December 9th. Cowen initiated coverage on Linde in a research note on Wednesday, March 24th. They issued a “market perform” rating and a $300.00 price target for the company. Finally, DZ Bank restated a “buy” rating on shares of Linde in a research note on Friday, February 19th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Linde presently has a consensus rating of “Buy” and a consensus target price of $267.24.
In other Linde news, insider Kelcey E. Hoyt sold 2,559 shares of the stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $251.66, for a total value of $643,997.94. Following the completion of the transaction, the insider now directly owns 6,779 shares in the company, valued at $1,706,003.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants.
See Also: Liquidity
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