Linde plc (NASDAQ:LIN) Shares Acquired by Everett Harris & Co. CA

Everett Harris & Co. CA grew its holdings in Linde plc (NASDAQ:LIN) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,178 shares of the basic materials company’s stock after acquiring an additional 173 shares during the period. Everett Harris & Co. CA’s holdings in Linde were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. TradeLink Capital LLC purchased a new stake in shares of Linde during the 1st quarter worth $2,523,000. Moors & Cabot Inc. lifted its position in shares of Linde by 36.4% during the 1st quarter. Moors & Cabot Inc. now owns 1,773 shares of the basic materials company’s stock worth $566,000 after purchasing an additional 473 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Linde by 25.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,996 shares of the basic materials company’s stock worth $957,000 after purchasing an additional 607 shares during the last quarter. Zions Bancorporation N.A. lifted its position in shares of Linde by 15.3% during the 1st quarter. Zions Bancorporation N.A. now owns 2,380 shares of the basic materials company’s stock worth $760,000 after purchasing an additional 316 shares during the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of Linde during the 1st quarter worth $6,682,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ:LIN traded down $1.91 on Thursday, reaching $464.32. The company’s stock had a trading volume of 1,784,923 shares, compared to its average volume of 2,413,546. The stock’s 50-day moving average is $437.90 and its two-hundred day moving average is $409.61. Linde plc has a 52-week low of $348.38 and a 52-week high of $477.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67. The stock has a market capitalization of $223.61 billion, a P/E ratio of 36.91, a PEG ratio of 3.05 and a beta of 0.93.

Linde (NASDAQ:LIN) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the prior year, the company earned $3.16 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.20%. This is a positive change from Linde’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, March 13th. Linde’s payout ratio is 44.13%.

Insider Transactions at Linde

In other news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the transaction, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The disclosure for this sale can be found here. Insiders have sold a total of 78,248 shares of company stock worth $35,811,988 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LIN has been the subject of several recent analyst reports. TD Cowen lifted their price objective on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and boosted their price target for the company from $482.00 to $510.00 in a research report on Wednesday. Stifel Nicolaus cut shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price target for the company. in a research report on Monday, January 22nd. Wolfe Research initiated coverage on shares of Linde in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, Mizuho boosted their price target on shares of Linde from $503.00 to $510.00 and gave the company a “neutral” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $448.93.

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.