Delphia USA Inc. reduced its stake in shares of Linde plc (NYSE:LIN – Free Report) by 34.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,994 shares of the basic materials company’s stock after selling 1,058 shares during the period. Linde accounts for approximately 0.9% of Delphia USA Inc.’s portfolio, making the stock its 10th biggest holding. Delphia USA Inc.’s holdings in Linde were worth $709,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the stock. Strengthening Families & Communities LLC grew its position in shares of Linde by 51.9% in the first quarter. Strengthening Families & Communities LLC now owns 82 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 28 shares during the last quarter. PFG Advisors grew its position in shares of Linde by 1.2% in the first quarter. PFG Advisors now owns 2,499 shares of the basic materials company’s stock valued at $888,000 after purchasing an additional 29 shares during the last quarter. BerganKDV Wealth Management LLC grew its position in shares of Linde by 10.4% in the first quarter. BerganKDV Wealth Management LLC now owns 308 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 29 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its position in shares of Linde by 17.2% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 198 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 29 shares during the last quarter. Finally, Glassman Wealth Services grew its position in shares of Linde by 4.0% in the first quarter. Glassman Wealth Services now owns 763 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 29 shares during the last quarter. 80.98% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on LIN shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $420.00 price target on shares of Linde in a research report on Tuesday, August 1st. HSBC lifted their target price on Linde from $416.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. BMO Capital Markets raised their price target on shares of Linde from $400.00 to $418.00 in a research note on Monday, July 31st. Barclays raised their price target on shares of Linde from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Linde from $400.00 to $420.00 in a research note on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $404.41.
Get Our Latest Stock Report on LIN
Insider Buying and Selling
In related news, VP Sean Durbin sold 1,966 shares of Linde stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $373.46, for a total value of $734,222.36. Following the completion of the sale, the vice president now directly owns 8,149 shares in the company, valued at $3,043,325.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Sean Durbin sold 1,966 shares of Linde stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $373.46, for a total value of $734,222.36. Following the completion of the sale, the vice president now directly owns 8,149 shares in the company, valued at $3,043,325.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen F. Angel sold 39,695 shares of Linde stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $391.62, for a total value of $15,545,355.90. Following the completion of the sale, the director now owns 369,611 shares of the company’s stock, valued at $144,747,059.82. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
Linde Price Performance
Shares of Linde stock traded up $1.70 during trading on Monday, reaching $388.51. The company’s stock had a trading volume of 294,143 shares, compared to its average volume of 1,840,501. The stock has a 50-day moving average price of $380.75 and a two-hundred day moving average price of $366.85. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 0.33. Linde plc has a one year low of $262.47 and a one year high of $393.67. The stock has a market capitalization of $189.57 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 2.63 and a beta of 0.85.
Linde (NYSE:LIN – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.10. Linde had a return on equity of 16.17% and a net margin of 17.20%. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $8.70 billion. During the same period in the previous year, the business posted $3.10 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Linde plc will post 14.03 EPS for the current fiscal year.
Linde Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be given a $1.275 dividend. The ex-dividend date is Friday, September 1st. This represents a $5.10 dividend on an annualized basis and a yield of 1.31%. Linde’s payout ratio is 44.50%.
Linde Company Profile
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia 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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