Intermede Investment Partners Ltd boosted its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 27.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 282,714 shares of the basic materials company’s stock after buying an additional 61,110 shares during the period. Linde accounts for approximately 5.0% of Intermede Investment Partners Ltd’s holdings, making the stock its 4th largest position. Intermede Investment Partners Ltd’s holdings in Linde were worth $120,546,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in LIN. Darwin Wealth Management LLC bought a new position in Linde in the 2nd quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the 3rd quarter worth approximately $29,000. Saranac Partners Ltd bought a new position in Linde during the 3rd quarter worth approximately $29,000. Strengthening Families & Communities LLC raised its holdings in Linde by 134.5% during the 4th 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 last quarter. Finally, Guerra Advisors Inc bought a new position in Linde during the 3rd quarter worth approximately $30,000. Institutional investors own 82.80% of the company’s stock.
Linde Stock Performance
NASDAQ LIN opened at $517.58 on Monday. The company has a fifty day simple moving average of $499.78 and a 200 day simple moving average of $462.47. Linde PLC has a 12-month low of $387.78 and a 12-month high of $521.28. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The company has a market cap of $239.30 billion, a P/E ratio of 34.37, a PEG ratio of 3.25 and a beta of 0.73.
Linde Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $1.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is presently 42.50%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada raised their price target on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Citigroup raised their price target on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Linde presently has a consensus rating of “Buy” and a consensus price target of $540.00.
Read Our Latest Stock Analysis on Linde
Insider Buying and Selling at Linde
In related news, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the sale, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This trade represents a 44.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the transaction, the vice president directly owned 22,138 shares in the company, valued at $10,643,729.02. This represents a 16.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.
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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