Capital Wealth Planning LLC increased its stake in shares of Linde PLC (NASDAQ:LIN – Free Report) by 371.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,608 shares of the basic materials company’s stock after acquiring an additional 9,148 shares during the quarter. Capital Wealth Planning LLC’s holdings in Linde were worth $5,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of LIN. Caprock Group LLC purchased a new stake in shares of Linde during the third quarter worth about $4,243,000. National Pension Service raised its position in Linde by 2.6% during the 3rd quarter. National Pension Service now owns 967,516 shares of the basic materials company’s stock valued at $459,570,000 after purchasing an additional 24,624 shares during the last quarter. Cerity Partners LLC raised its position in Linde by 12.3% during the 3rd quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock valued at $97,526,000 after purchasing an additional 22,489 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in Linde by 27.2% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after buying an additional 89,129 shares during the period. Finally, Generali Asset Management SPA SGR lifted its holdings in Linde by 14.0% in the 3rd quarter. Generali Asset Management SPA SGR now owns 44,981 shares of the basic materials company’s stock worth $21,366,000 after buying an additional 5,526 shares during the period. Institutional investors own 82.80% of the company’s stock.
Linde Price Performance
LIN stock opened at $493.92 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 0.88. The firm has a 50 day moving average price of $467.63 and a 200-day moving average price of $450.49. Linde PLC has a 52-week low of $387.78 and a 52-week high of $510.65. The firm has a market capitalization of $228.88 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 3.22 and a beta of 0.82.
Linde Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be paid a $1.60 dividend. This is an increase from Linde’s previous quarterly dividend of $1.50. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, March 11th. Linde’s payout ratio is currently 43.87%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on LIN. Mizuho set a $525.00 target price on Linde in a research note on Friday, February 6th. Weiss Ratings raised Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. UBS Group reissued a “buy” rating on shares of Linde in a research report on Wednesday. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada dropped their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $515.20.
Check Out Our Latest Analysis on LIN
Insider Buying and Selling at Linde
In other news, VP Guillermo Bichara sold 9,455 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was 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 directly owned 22,138 shares in the company, valued at $10,636,202.10. This trade represents a 29.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the transaction, the executive vice president directly owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,332 shares of company stock valued at $9,749,257 over the last 90 days. Corporate insiders own 0.70% 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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