AdvisorNet Financial Inc trimmed its position in shares of Linde plc (NASDAQ:LIN – Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,757 shares of the basic materials company’s stock after selling 344 shares during the quarter. AdvisorNet Financial Inc’s holdings in Linde were worth $2,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp grew its position in Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after purchasing an additional 5,021 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after acquiring an additional 46,843 shares in the last quarter. Townsquare Capital LLC increased its position in shares of Linde by 16.8% during the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after acquiring an additional 1,383 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Waverton Investment Management Ltd raised its stake in shares of Linde by 0.9% during the 3rd quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock worth $93,457,000 after purchasing an additional 1,811 shares during the period. Institutional investors own 82.80% of the company’s stock.
Insider Buying and Selling at Linde
In related news, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Linde Trading Up 1.8 %
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the company posted $3.63 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Linde plc will post 15.48 EPS for the current year.
Linde Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.
Wall Street Analysts Forecast Growth
LIN has been the topic of a number of research reports. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday. Finally, Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $495.75.
View Our Latest Research Report on LIN
About Linde
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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