Strategic Family Wealth Counselors L.L.C. bought a new position in shares of Linde PLC (NASDAQ:LIN – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,224 shares of the basic materials company’s stock, valued at approximately $530,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in LIN. SG Americas Securities LLC increased its position in shares of Linde by 10,454.4% during the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after acquiring an additional 2,401,894 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Linde during the third quarter worth about $453,274,000. Danske Bank A S bought a new stake in shares of Linde during the third quarter worth about $260,822,000. Nordea Investment Management AB increased its position in shares of Linde by 34.5% during the fourth quarter. Nordea Investment Management AB now owns 2,124,882 shares of the basic materials company’s stock worth $910,129,000 after acquiring an additional 544,850 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Linde during the third quarter worth about $206,747,000. 82.80% of the stock is owned by institutional investors.
Linde Trading Up 1.9%
Shares of LIN stock opened at $513.26 on Thursday. The company has a market capitalization of $237.30 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 3.16 and a beta of 0.73. The company has a 50-day simple moving average of $496.69 and a two-hundred day simple moving average of $458.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a 52-week low of $387.78 and a 52-week high of $521.28.
Linde Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, June 4th. Linde’s payout ratio is presently 42.50%.
Analyst Ratings Changes
Several research firms have recently commented on LIN. Mizuho set a $525.00 target price on shares of Linde in a research report on Friday, February 6th. DZ Bank downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective for the company. in a research report on Tuesday, February 10th. Weiss Ratings downgraded shares of Linde from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. UBS Group upped their price objective on shares of Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued 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 issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $540.00.
View Our Latest Stock Report on Linde
Insider Transactions at Linde
In other Linde news, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 8,151 shares in the company, valued at $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Guillermo Bichara sold 9,455 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the completion of the transaction, the vice president owned 22,138 shares in the company, valued at approximately $10,636,202.10. The trade was a 29.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 20,332 shares of company stock worth $9,749,257. Corporate insiders own 0.30% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Linde
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
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.
