Creekside Partners bought a new position in Linde plc (NASDAQ:LIN – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 841 shares of the basic materials company’s stock, valued at approximately $369,000.
Several other hedge funds also recently made changes to their positions in LIN. J. W. Coons Advisors LLC lifted its stake in shares of Linde by 5.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 3,244 shares of the basic materials company’s stock valued at $1,332,000 after purchasing an additional 156 shares during the period. CWA Asset Management Group LLC purchased a new position in Linde during the fourth quarter valued at $442,000. Belpointe Asset Management LLC boosted its holdings in shares of Linde by 17.1% during the 4th quarter. Belpointe Asset Management LLC now owns 2,423 shares of the basic materials company’s stock valued at $995,000 after buying an additional 354 shares in the last quarter. Cetera Advisor Networks LLC grew its position in shares of Linde by 9.9% in the 4th quarter. Cetera Advisor Networks LLC now owns 22,657 shares of the basic materials company’s stock worth $9,305,000 after buying an additional 2,047 shares during the period. Finally, Gabelli Funds LLC increased its stake in shares of Linde by 10.0% in the 4th quarter. Gabelli Funds LLC now owns 7,330 shares of the basic materials company’s stock worth $3,011,000 after acquiring an additional 665 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Linde
In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Linde
Linde Price Performance
NASDAQ LIN opened at $475.84 on Thursday. Linde plc has a one year low of $361.02 and a one year high of $483.36. The stock has a 50-day moving average of $463.30 and a 200 day moving average of $449.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The company has a market capitalization of $227.21 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 3.00 and a beta of 0.94.
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.57 earnings per share. On average, sell-side analysts forecast that Linde plc will post 15.54 EPS for the current year.
Linde Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s payout ratio is 43.13%.
Linde Company 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.
Featured Stories
- Five stocks we like better than Linde
- How to Use the MarketBeat Excel Dividend Calculator
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- Stock Sentiment Analysis: How it Works
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- Differences Between Momentum Investing and Long Term Investing
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
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.