Kornitzer Capital Management Inc. KS grew its holdings in Linde plc (NASDAQ:LIN – Free Report) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,589 shares of the basic materials company’s stock after acquiring an additional 53 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Linde were worth $25,554,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of LIN. Summit Securities Group LLC acquired a new position in Linde in the 2nd quarter valued at $28,000. Kozak & Associates Inc. bought a new stake in Linde during the third quarter worth $34,000. J.Safra Asset Management Corp acquired a new stake in Linde in the second quarter valued at about $42,000. Hazlett Burt & Watson Inc. lifted its stake in Linde by 133.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the last quarter. Finally, Bangor Savings Bank raised its position in Linde by 62.9% in the second quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 39 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred 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 in the company, valued at $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on LIN
Linde Price Performance
Shares of LIN stock traded up $4.39 during trading hours on Thursday, reaching $467.02. The stock had a trading volume of 131,326 shares, compared to its average volume of 1,829,086. The stock’s fifty day simple moving average is $472.12 and its 200 day simple moving average is $452.12. The firm has a market capitalization of $222.38 billion, a PE ratio of 35.13, a PEG ratio of 2.94 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $389.14 and a 12 month high of $487.49.
Linde (NASDAQ:LIN – Get Free Report) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the firm posted $3.63 earnings per share. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts predict that Linde plc will post 15.47 EPS for the current year.
Linde Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.22%.
Linde 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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