Linde PLC (NASDAQ:LIN - Get Free Report) VP Guillermo Bichara sold 9,350 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $518.91, for a total value of $4,851,808.50. Following the sale, the vice president directly owned 22,138 shares in the company, valued at approximately $11,487,629.58. This trade represents a 29.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Linde Stock Performance
Shares of NASDAQ LIN opened at $524.74 on Thursday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.72 and a current ratio of 0.86. The company has a market capitalization of $240.90 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.67. The company's fifty day moving average price is $485.35 and its 200 day moving average price is $493.52.
Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, October 29th. The basic materials company reported $4.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.52 by $0.07. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.16 billion. Linde had a return on equity of 20.32% and a net margin of 19.34%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.21 EPS. On average, research analysts predict that Linde PLC will post 17.89 earnings per share for the current year.
Linde Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 3rd. Linde's dividend payout ratio (DPR) is currently 42.52%.
Institutional Investors Weigh In On Linde
Institutional investors have recently made changes to their positions in the stock. Principia Wealth Advisory LLC increased its stake in Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 23 shares in the last quarter. JCIC Asset Management Inc. purchased a new position in Linde during the 3rd quarter valued at about $26,000. Legacy Wealth Managment LLC ID grew its position in shares of Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 28 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock worth $31,000 after purchasing an additional 58 shares in the last quarter. Finally, Marquette Asset Management LLC purchased a new stake in Linde in the 3rd quarter valued at approximately $29,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on LIN. Evercore increased their price objective on Linde from $515.00 to $525.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Mizuho set a $583.00 target price on Linde in a report on Thursday, October 29th. DZ Bank restated a "neutral" rating on shares of Linde in a research note on Thursday, August 6th. Citigroup raised their price objective on Linde from $560.00 to $580.00 and gave the stock a "buy" rating in a report on Friday, October 30th. Finally, Royal Bank Of Canada raised their price objective on shares of Linde from $549.00 to $568.00 and gave the stock an "outperform" rating in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Linde has an average rating of "Moderate Buy" and a consensus price target of $553.05.
View Our Latest Stock Report on LIN
About Linde
(
Get Free Report)
Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.
Linde's products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.
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