CTC Alternative Strategies Ltd. lessened its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 60.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,262 shares of the basic materials company's stock after selling 1,938 shares during the quarter. Linde makes up 0.8% of CTC Alternative Strategies Ltd.'s holdings, making the stock its 20th biggest position. CTC Alternative Strategies Ltd.'s holdings in Linde were worth $602,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC grew its position in shares of Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 21 shares during the period. Prentice Wealth Management LLC grew its position in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock valued at $652,000 after purchasing an additional 23 shares during the period. Quotient Wealth Partners LLC grew its position in shares of Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock valued at $1,290,000 after purchasing an additional 23 shares during the period. Regent Peak Wealth Advisors LLC grew its position in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock valued at $873,000 after purchasing an additional 23 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in shares of Linde by 5.7% in the second quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company's stock valued at $195,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.
Shares of LIN stock opened at $449.44 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm's 50-day moving average is $464.81 and its two-hundred day moving average is $455.18. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The company has a market capitalization of $214.01 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.63 EPS. Analysts predict that Linde plc will post 15.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde's dividend payout ratio (DPR) is 42.22%.
In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Panikar sold 10,025 shares of Linde 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 completion of the transaction, the vice president now owns 17,584 shares of the company's stock, valued at $8,136,996. This trade represents a 36.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.
Several analysts have recently issued reports on LIN shares. Erste Group Bank reiterated a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $490.75.
Check Out Our Latest Stock Report on Linde
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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