Riverbridge Partners LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN – Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,570 shares of the basic materials company’s stock after selling 1,166 shares during the quarter. Riverbridge Partners LLC’s holdings in Linde were worth $5,263,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Gabelli Funds LLC raised its position in shares of Linde by 5.5% during the 2nd quarter. Gabelli Funds LLC now owns 5,750 shares of the basic materials company’s stock valued at $2,523,000 after buying an additional 300 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Linde by 68.9% in the second quarter. Public Sector Pension Investment Board now owns 18,259 shares of the basic materials company’s stock valued at $8,012,000 after acquiring an additional 7,446 shares during the last quarter. Evergreen Capital Management LLC raised its position in Linde by 8.1% during the second quarter. Evergreen Capital Management LLC now owns 3,876 shares of the basic materials company’s stock valued at $1,701,000 after purchasing an additional 291 shares in the last quarter. Insigneo Advisory Services LLC raised its position in Linde by 13.2% during the second quarter. Insigneo Advisory Services LLC now owns 3,522 shares of the basic materials company’s stock valued at $1,562,000 after purchasing an additional 411 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its stake in Linde by 86.4% during the second quarter. Zurich Insurance Group Ltd FI now owns 195,378 shares of the basic materials company’s stock worth $85,734,000 after purchasing an additional 90,549 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.
Linde Stock Up 0.0 %
Shares of NASDAQ:LIN opened at $442.60 on Thursday. The stock’s 50-day moving average is $435.90 and its 200 day moving average is $453.11. The company has a market cap of $210.75 billion, a PE ratio of 33.61, a P/E/G ratio of 2.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49.
Linde Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $1.39 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.26%. Linde’s dividend payout ratio (DPR) is presently 42.22%.
Wall Street Analyst Weigh In
LIN has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $501.82.
Read Our Latest Analysis on LIN
Insider Transactions at Linde
In related news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
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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