Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group trimmed its position in Linde plc (NASDAQ:LIN – Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,947 shares of the basic materials company’s stock after selling 205 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Linde were worth $1,293,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Group LLC purchased a new position in shares of Linde in the 1st quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in Linde during the 2nd quarter valued at approximately $28,000. Scarborough Advisors LLC acquired a new position in Linde during the 4th quarter valued at approximately $30,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the second quarter worth $33,000. Finally, Valued Wealth Advisors LLC lifted its position in Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.
Analyst Ratings Changes
Get Our Latest Analysis on LIN
Linde Trading Down 0.4 %
Shares of Linde stock opened at $475.02 on Wednesday. The firm has a 50-day simple moving average of $462.66 and a two-hundred day simple moving average of $449.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36. The company has a market cap of $228.33 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the prior year, the firm posted $3.57 EPS. Linde’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.
Linde Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a $1.39 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.17%. Linde’s dividend payout ratio is currently 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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