Avanza Fonder AB grew its position in Linde PLC (NASDAQ:LIN – Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,081 shares of the basic materials company’s stock after purchasing an additional 4,708 shares during the quarter. Linde makes up approximately 0.6% of Avanza Fonder AB’s portfolio, making the stock its 29th largest holding. Avanza Fonder AB’s holdings in Linde were worth $22,633,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in shares of Linde in the second quarter valued at about $25,000. Marquette Asset Management LLC bought a new position in shares of Linde in the third quarter worth about $27,000. YANKCOM Partnership lifted its position in shares of Linde by 195.2% during the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde during the 3rd quarter worth about $29,000. Finally, Saranac Partners Ltd bought a new stake in Linde during the 3rd quarter valued at approximately $29,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Linde Price Performance
NASDAQ:LIN opened at $478.05 on Tuesday. 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 company has a 50-day moving average of $473.72 and a 200-day moving average of $450.60. Linde PLC has a 52 week low of $387.78 and a 52 week high of $510.65. The company has a market capitalization of $221.52 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 3.21 and a beta of 0.82.
Linde Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $1.60 per share. This is an increase from Linde’s previous quarterly dividend of $1.50. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, March 11th. Linde’s dividend payout ratio is currently 43.87%.
Analysts Set New Price Targets
A number of analysts have issued reports on LIN shares. Citigroup lifted their price target on Linde from $540.00 to $545.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Weiss Ratings raised Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. BMO Capital Markets restated an “outperform” rating on shares of Linde in a research note on Tuesday, February 10th. Mizuho set a $525.00 target price on shares of Linde in a research report on Friday, February 6th. Finally, Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average price target of $515.20.
Check Out Our Latest Research Report on LIN
Insider Buying and Selling at Linde
In other Linde news, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction 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 trade represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Guillermo Bichara sold 9,455 shares of the business’s stock in a transaction on 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 sale, the vice president owned 22,138 shares in the company, valued at $10,636,202.10. This represents a 29.93% 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 quarter. Corporate insiders own 0.70% 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.
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