Capitolis Liquid Global Markets LLC raised its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 28.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,112 shares of the basic materials company’s stock after buying an additional 10,112 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in Linde were worth $19,235,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blalock Williams LLC raised its stake in Linde by 4.5% in the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after buying an additional 22 shares during the period. Mutual Advisors LLC grew its position in Linde by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after buying an additional 22 shares in the last quarter. Binnacle Investments Inc grew its position in Linde by 10.2% during the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after buying an additional 22 shares in the last quarter. Baldwin Wealth Partners LLC MA grew its position in Linde by 3.3% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after buying an additional 23 shares in the last quarter. Finally, Mayport LLC grew its position in Linde by 4.8% during the fourth quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock worth $215,000 after buying an additional 23 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.
Linde Stock Down 0.4%
NASDAQ LIN opened at $515.85 on Thursday. The business has a fifty day moving average price of $505.88 and a two-hundred day moving average price of $474.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.87. The stock has a market capitalization of $238.50 billion, a PE ratio of 34.25, a PEG ratio of 3.25 and a beta of 0.72.
Linde Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s payout ratio is presently 42.50%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. Royal Bank Of Canada increased their price target on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 price target on shares of Linde in a research report on Monday, May 4th. Finally, Citigroup increased their price target on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Linde presently has an average rating of “Buy” and a consensus target price of $541.91.
View Our Latest Report on Linde
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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