Vise Technologies Inc. Buys 3,600 Shares of Linde plc (NASDAQ:LIN)
by Amy Steele · The Cerbat GemVise Technologies Inc. lifted its stake in shares of Linde plc (NASDAQ:LIN – Free Report) by 127.0% during the 4th quarter, HoldingsChannel reports. The firm owned 6,435 shares of the basic materials company’s stock after acquiring an additional 3,600 shares during the period. Vise Technologies Inc.’s holdings in Linde were worth $2,694,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. City National Bank of Florida MSD bought a new stake in shares of Linde during the 4th quarter valued at approximately $216,000. Inspire Trust Co. N.A. grew its holdings in shares of Linde by 40.4% during the 4th quarter. Inspire Trust Co. N.A. now owns 8,450 shares of the basic materials company’s stock valued at $3,538,000 after purchasing an additional 2,430 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Linde by 24.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 180,430 shares of the basic materials company’s stock valued at $75,541,000 after purchasing an additional 35,472 shares during the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. grew its holdings in shares of Linde by 0.7% during the 4th quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. now owns 55,113 shares of the basic materials company’s stock valued at $23,074,000 after purchasing an additional 397 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Linde by 2.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,360,400 shares of the basic materials company’s stock valued at $1,406,899,000 after purchasing an additional 72,312 shares during the last quarter. 82.80% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on LIN shares. Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Argus upgraded shares of Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.11.
View Our Latest Stock Analysis on Linde
Insider Transactions at Linde
In other news, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares in the company, valued at approximately $610,662. The trade was a 65.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.
Linde Stock Up 0.8%
NASDAQ:LIN opened at $459.00 on Friday. The firm’s 50 day simple moving average is $451.31 and its 200 day simple moving average is $447.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. Linde plc has a one year low of $408.65 and a one year high of $487.49. The company has a market cap of $216.06 billion, a PE ratio of 33.73, a P/E/G ratio of 3.08 and a beta of 1.00.
Linde (NASDAQ:LIN – Get Free Report) last posted its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $3.75 EPS. On average, research analysts anticipate that Linde plc will post 16.54 earnings per share for the current year.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. Linde’s dividend payout ratio (DPR) is currently 43.57%.
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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