Mariner Investment Group LLC bought a new stake in shares of Linde PLC (NASDAQ:LIN – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor bought 200,000 shares of the basic materials company’s stock, valued at approximately $85,278,000. Linde comprises 5.0% of Mariner Investment Group LLC’s holdings, making the stock its 10th biggest holding.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Linde during the fourth quarter valued at about $3,246,750,000. SG Americas Securities LLC boosted its position in shares of Linde by 10,454.4% during the 4th quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after purchasing an additional 2,401,894 shares in the last quarter. Capital International Investors grew its stake in shares of Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after buying an additional 1,275,477 shares during the period. Deutsche Bank AG increased its position in Linde by 40.2% in the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock valued at $1,680,710,000 after buying an additional 1,130,001 shares in the last quarter. Finally, Invesco Ltd. increased its position in Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after buying an additional 1,114,751 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Linde Stock Performance
NASDAQ LIN opened at $512.15 on Friday. The company has a fifty day moving average price of $506.23 and a 200-day moving average price of $475.01. The firm has a market cap of $236.79 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 3.24 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde PLC has a 1 year low of $387.78 and a 1 year high of $525.87.
Linde Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid 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 was Thursday, June 4th. Linde’s payout ratio is presently 42.50%.
Analyst Ratings Changes
A number of brokerages have commented on LIN. Citigroup raised their price objective on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research note on Monday, May 4th. UBS Group restated a “buy” rating and set a $600.00 price target on shares of Linde in a research note on Tuesday, June 2nd. BMO Capital Markets restated an “outperform” rating and set a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada upped their target price on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $541.91.
Read Our Latest Stock Report on LIN
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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