Stanley Laman Group Ltd. increased its position in Linde plc (NYSE:LIN) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,989 shares of the basic materials company’s stock after acquiring an additional 1,056 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Linde were worth $4,213,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Linde by 450.4% in the 1st quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock worth $2,581,000 after purchasing an additional 12,003 shares during the period. Community Trust & Investment Co. boosted its stake in Linde by 1.0% in the 3rd quarter. Community Trust & Investment Co. now owns 49,137 shares of the basic materials company’s stock worth $11,701,000 after purchasing an additional 508 shares during the period. NEXT Financial Group Inc bought a new position in Linde in the 3rd quarter worth approximately $261,000. Atlas Capital Advisors LLC boosted its position in shares of Linde by 672.7% during the 3rd quarter. Atlas Capital Advisors LLC now owns 989 shares of the basic materials company’s stock valued at $236,000 after acquiring an additional 861 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of Linde by 62.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 3,125 shares of the basic materials company’s stock valued at $744,000 after acquiring an additional 1,200 shares during the last quarter. 72.64% of the stock is owned by institutional investors.
LIN has been the subject of a number of analyst reports. Zacks Investment Research downgraded Linde from a “buy” rating to a “hold” rating in a research report on Thursday, February 18th. HSBC upgraded Linde from a “hold” rating to a “buy” rating and set a $272.00 price target on the stock in a research note on Wednesday, November 25th. DZ Bank restated a “buy” rating on shares of Linde in a research note on Friday. JPMorgan Chase & Co. restated a “buy” rating on shares of Linde in a research note on Monday, February 8th. Finally, Barclays restated an “overweight” rating and set a $285.00 price target on shares of Linde in a research note on Monday, December 7th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $260.24.
Linde (NYSE:LIN) last posted its quarterly earnings data on Thursday, February 4th. The basic materials company reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.16. The business had revenue of $7.27 billion during the quarter, compared to analysts’ expectations of $6.97 billion. Linde had a return on equity of 8.56% and a net margin of 8.29%. Research analysts forecast that Linde plc will post 8.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 22nd. Shareholders of record on Friday, March 5th will be paid a dividend of $1.06 per share. The ex-dividend date of this dividend is Thursday, March 4th. This represents a $4.24 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Linde’s previous quarterly dividend of $0.96. Linde’s payout ratio is 52.45%.
In other Linde news, insider Kelcey E. Hoyt sold 2,559 shares of the business’s stock in a transaction on Friday, February 12th. The stock was sold at an average price of $251.66, for a total transaction of $643,997.94. Following the transaction, the insider now owns 6,779 shares of the company’s stock, valued at $1,706,003.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.
Linde Company Profile
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.
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