Terra Nova Asset Management LLC trimmed its position in Linde plc (NASDAQ:LIN – Free Report) by 17.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,451 shares of the basic materials company’s stock after selling 313 shares during the quarter. Terra Nova Asset Management LLC’s holdings in Linde were worth $692,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Group LLC acquired a new position in shares of Linde in the 1st quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in Linde during the 2nd quarter worth about $28,000. Scarborough Advisors LLC purchased a new position in shares of Linde in the 4th quarter valued at about $30,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the 2nd quarter valued at about $33,000. Finally, Valued Wealth Advisors LLC boosted its position in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.
Analyst Ratings Changes
View Our Latest Stock Analysis on LIN
Linde Stock Performance
Shares of NASDAQ LIN traded up $0.21 during mid-day trading on Wednesday, hitting $480.92. The company had a trading volume of 189,489 shares, compared to its average volume of 1,834,441. Linde plc has a 12 month low of $361.02 and a 12 month high of $483.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The firm has a market cap of $231.17 billion, a P/E ratio of 37.29, a PEG ratio of 2.94 and a beta of 0.94. The business’s 50-day simple moving average is $467.23 and its 200-day simple moving average is $450.01.
Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.57 earnings per share. As a group, analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.
Linde Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.16%. Linde’s 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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