AGF Management Ltd. lowered its position in Linde PLC (NASDAQ:LIN – Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,067 shares of the basic materials company’s stock after selling 24,343 shares during the period. AGF Management Ltd. owned about 0.06% of Linde worth $135,067,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Linde during the 4th quarter worth about $2,752,000. Revolve Wealth Partners LLC increased its holdings in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Linde by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company’s stock worth $28,662,000 after purchasing an additional 1,876 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in Linde by 80.4% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company’s stock worth $943,000 after purchasing an additional 1,004 shares in the last quarter. Finally, Optimize Financial Inc bought a new position in Linde during the 4th quarter worth about $219,000. Institutional investors own 82.80% of the company’s stock.
Linde Trading Up 0.6%
Linde stock opened at $472.42 on Monday. The firm has a 50-day moving average of $467.81 and a 200-day moving average of $459.00. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The company has a market cap of $221.52 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 3.12 and a beta of 0.92.
Linde Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 4th. Linde’s dividend payout ratio (DPR) is 42.67%.
Analysts Set New Price Targets
LIN has been the subject of a number of research reports. UBS Group increased their target price on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Royal Bank Of Canada assumed coverage on shares of Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. Finally, Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $519.63.
Check Out Our Latest Analysis on LIN
Insider Activity at Linde
In related news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the sale, the vice president owned 22,639 shares of the company’s stock, valued at $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,557 shares of company stock worth $28,037,479. Insiders own 0.70% of the company’s stock.
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.
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