Epoch Investment Partners Inc. reduced its position in Linde plc (NASDAQ:LIN – Free Report) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 311,122 shares of the basic materials company’s stock after selling 7,654 shares during the quarter. Epoch Investment Partners Inc. owned 0.06% of Linde worth $136,523,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of LIN. Clearbridge Investments LLC lifted its stake in Linde by 566.9% in the first quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock worth $851,314,000 after purchasing an additional 1,558,538 shares during the last quarter. Swedbank AB bought a new position in shares of Linde during the second quarter valued at about $420,720,000. ProShare Advisors LLC increased its holdings in shares of Linde by 91.6% in the first quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after buying an additional 463,096 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of Linde in the 1st quarter valued at about $210,480,000. Finally, Vanguard Group Inc. boosted its holdings in Linde by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock valued at $20,744,033,000 after acquiring an additional 405,952 shares during the period. 82.80% of the stock is currently owned by institutional investors.
Insider Activity
In related news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.
Analyst Upgrades and Downgrades
Linde Trading Up 0.6 %
LIN opened at $471.91 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $361.02 and a 52 week high of $479.79. The stock has a market cap of $226.84 billion, a PE ratio of 36.61, a PEG ratio of 2.97 and a beta of 0.94. The business has a 50 day moving average of $458.07 and a 200-day moving average of $449.30.
Linde (NASDAQ:LIN – Get Free Report) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.57 EPS. Equities research analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.
Linde Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is 43.13%.
Linde Company Profile
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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