Linde plc (NASDAQ:LIN – Get Free Report) VP David P. Strauss sold 2,218 shares of the company’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 completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Linde Trading Down 1.8 %
Shares of NASDAQ LIN opened at $422.27 on Thursday. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a 50-day moving average of $459.10 and a two-hundred day moving average of $455.34. The company has a market cap of $201.07 billion, a PE ratio of 32.06, a P/E/G ratio of 2.79 and a beta of 0.93. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.63 EPS. As a group, equities analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.
Linde Dividend Announcement
Analyst Ratings Changes
A number of brokerages have recently issued reports on LIN. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.
Check Out Our Latest Stock Report on LIN
Institutional Trading of Linde
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIN. Trifecta Capital Advisors LLC lifted its holdings in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares during the period. Prentice Wealth Management LLC lifted its stake in shares of Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the period. Quotient Wealth Partners LLC lifted its stake in shares of Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after purchasing an additional 23 shares during the period. Regent Peak Wealth Advisors LLC boosted its position in shares of Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Linde by 5.7% during the second quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.
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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