Naviter Wealth LLC raised its position in Linde PLC (NASDAQ:LIN – Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,176 shares of the basic materials company’s stock after buying an additional 209 shares during the quarter. Naviter Wealth LLC’s holdings in Linde were worth $3,367,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Breakwater Capital Group increased its holdings in Linde by 2.3% in the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after buying an additional 22 shares during the period. Canopy Partners LLC increased its holdings in Linde by 2.9% in the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 22 shares during the period. Mitchell Sinkler & Starr PA increased its holdings in Linde by 1.9% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after buying an additional 22 shares during the period. Clarendon Private LLC increased its holdings in Linde by 1.0% in the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after buying an additional 22 shares during the period. Finally, Strategy Asset Managers LLC increased its holdings in Linde by 2.8% in the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after buying an additional 23 shares during the period. 82.80% of the stock is owned by institutional investors.
Linde Stock Up 0.6%
NASDAQ:LIN opened at $456.64 on Tuesday. The firm’s 50 day simple moving average is $474.23 and its 200 day simple moving average is $464.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a market cap of $214.12 billion, a PE ratio of 32.48, a P/E/G ratio of 3.00 and a beta of 0.93.
Linde Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 42.67%.
Insider Buying and Selling
In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. UBS Group reduced their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Finally, Citigroup raised their price target on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $520.00.
View Our Latest Stock Analysis on Linde
Linde Profile
Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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