OMERS ADMINISTRATION Corp cut its position in Linde PLC (NASDAQ:LIN – Free Report) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 415,501 shares of the basic materials company’s stock after selling 1,200 shares during the quarter. Linde accounts for 1.3% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 18th largest position. OMERS ADMINISTRATION Corp’s holdings in Linde were worth $177,165,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in LIN. Norges Bank purchased a new position in shares of Linde in the fourth quarter valued at $3,246,750,000. SG Americas Securities LLC raised its holdings in Linde by 10,454.4% in the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock valued at $1,033,940,000 after acquiring an additional 2,401,894 shares in the last quarter. Capital International Investors raised its holdings in Linde by 20.1% in the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after acquiring an additional 1,275,477 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Linde by 40.2% during the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after purchasing an additional 1,130,001 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Linde during the third quarter worth $453,274,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Linde Price Performance
LIN stock opened at $521.48 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Linde PLC has a one year low of $387.78 and a one year high of $525.87. The firm has a market capitalization of $241.11 billion, a PE ratio of 34.63, a P/E/G ratio of 3.29 and a beta of 0.72. The firm has a 50-day moving average of $505.24 and a two-hundred day moving average of $472.76.
Linde Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.
Analyst Upgrades and Downgrades
LIN has been the subject of several recent research reports. UBS Group restated a “buy” rating and set a $600.00 price target on shares of Linde in a research report on Tuesday, June 2nd. Citigroup increased their target price on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Seaport Research Partners raised their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $541.91.
Read Our Latest Stock Analysis on Linde
Linde 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.
Read More
- Five stocks we like better than Linde
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
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).
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.
