American National Bank has significantly increased its position in Linde plc during the second quarter of 2023, according to its disclosure with the Securities and Exchange Commission (SEC). The bank added 21,372 shares of the basic materials company’s stock, resulting in a substantial increase of 5,594.8%. As a result, American National Bank now owns 21,754 shares of Linde, making it the bank’s 22nd largest investment position and accounting for approximately 1.4% of its investment portfolio. At the end of the second quarter, this holding was valued at $8,290,000.
Linde plc recently reported its earnings results on July 27th. The company posted earnings per share (EPS) of $3.57 for the quarter, surpassing analysts’ consensus estimates by $0.10. However, Linde’s revenue for the quarter was $8.21 billion, falling short of analyst estimates which projected it to be $8.70 billion. Comparatively, this represents a decrease of 3.5% compared to the same period last year.
Despite lower revenue figures, Linde demonstrated a return on equity of 16.17% and a net margin of 17.20%, indicators of its financial stability and profitability in the face of challenging market conditions. In the previous year’s corresponding quarter, Linde had earned an EPS of $3.10.
Research analysts anticipate that Linde plc will achieve an EPS forecasted at 14.03 for this year as a whole.
Investors will monitor these financial updates carefully to track Linde’s performance and make informed decisions regarding their investment decisions based on these figures.
As an important player in the basic materials sector, it is essential for Linde to maintain stability in order to attract and satisfy shareholders who expect favorable returns on their investments over time.
W. P. Carey Inc.
Updated on: 19/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Linde plc Attracts Institutional Investors and Hedge Funds, Demonstrating Growing Interest in the Company
Linde plc, a leading global supplier of industrial gases and engineering solutions, has recently attracted the attention of several institutional investors and hedge funds, resulting in significant changes to their positions in the company. Guardian Wealth Advisors LLC acquired a new stake in Linde during the 1st quarter, valued at approximately $25,000. Strengthening Families & Communities LLC also increased its position in Linde during the same period by 51.9%, now owning 82 shares of the company’s stock valued at $29,000. These acquisitions demonstrate the growing interest and confidence investors have in Linde.
Manitou Investment Management Ltd. and FWL Investment Management LLC also made moves to invest in Linde during the 1st and 4th quarters respectively, with both firms acquiring new stakes valued at around $29,000 and $30,000. Furthermore, Sanctuary Wealth Management L.L.C., a subsidiary of Sanctuary Group Ltd., purchased a new stake in Linde during the 4th quarter valued at approximately $36,000. These investments add to the overall ownership of institutional investors and hedge funds who now collectively own 80.98% of Linde’s stock.
Equities analysts have been closely following Linde’s performance as well. Morgan Stanley has restated an “overweight” rating on Linde’s shares and set a price target of $420.00 per share. JPMorgan Chase & Co., Citigroup, Wells Fargo & Company and Barclays have also issued favorable reports on Linde’s prospects and raised their respective price targets on the stock as well.
In another notable development, Director Stephen F. Angel recently sold 39,695 shares of Linde stock in a transaction that took place on August 1st for an average price of $391.62 per share, amounting to a total transaction value of $15,545,355.90. Following this sale, Angel holds 369,611 shares of Linde’s stock, worth approximately $144,747,059.82. This transaction was disclosed in a legal filing with the Securities & Exchange Commission.
Additionally, VP Sean Durbin sold 1,245 shares of Linde stock on September 14th at an average price of $387.63 per share, representing a total value of $482,599.35. Durbin now owns 8,149 shares in the company valued at around $3,158,796.87.
These insider transactions highlight the fluidity of ownership within Linde and provide valuable insights into the investment activity of key individuals associated with the company.
Shares of Linde opened at $387.71 on September 19th. The business has shown consistent performance with a 50-day moving average of $382.50 and a 200-day moving average of $368.38. Linde’s stock has experienced positive momentum over the past year as it reached a fifty-two week high of $393.67 while maintaining a low of $262.47 during the same period.
With a market capitalization currently standing at approximately $189.18 billion and a P/E ratio of 33.83, Linde demonstrates its well-established presence within the industry and its potential for future growth. The debt-to-equity ratio is relatively low at 0.33, and the quick ratio suggests that the company has adequate resources to meet immediate financial obligations.
As evident from recent investment activity by institutional investors and hedge funds, coupled with positive ratings from equities analysts, Linde appears to be attracting considerable interest in terms of its growth prospects and investment potential.
It is essential for investors to carefully analyze all available information before making any decisions regarding their investments in Linde plc or any other publicly traded company.