Capitolis Liquid Global Markets LLC increased its stake in shares of Linde PLC (NASDAQ:LIN – Free Report) by 28.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,112 shares of the basic materials company’s stock after purchasing an additional 10,112 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in Linde were worth $19,235,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in LIN. Norges Bank acquired a new stake in shares of Linde during the fourth quarter worth $3,246,750,000. SG Americas Securities LLC lifted its holdings in Linde by 10,454.4% during the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after acquiring an additional 2,401,894 shares in the last quarter. Capital International Investors lifted its holdings in Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares in the last quarter. Deutsche Bank AG lifted its holdings in Linde by 40.2% during the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after acquiring an additional 1,130,001 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Linde during the third quarter worth about $453,274,000. 82.80% of the stock is owned by institutional investors and hedge funds.
Linde Stock Performance
Shares of Linde stock opened at $515.85 on Thursday. The firm has a market cap of $238.50 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 3.25 and a beta of 0.72. The stock’s 50-day moving average is $505.88 and its 200-day moving average is $474.29. Linde PLC has a one year low of $387.78 and a one year high of $525.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69.
Linde Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio is presently 42.50%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Citigroup lifted their target price on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 target price on shares of Linde in a report on Monday, May 4th. Finally, Seaport Research Partners lifted their target price on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $541.91.
Read Our Latest Stock Report on LIN
Linde Company Profile
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
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