Calamos Advisors LLC Has $100.36 Million Holdings in Linde plc (NASDAQ:LIN)

Calamos Advisors LLC lessened its holdings in shares of Linde plc (NASDAQ:LIN) by 15.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 244,347 shares of the basic materials company’s stock after selling 43,492 shares during the quarter. Calamos Advisors LLC owned 0.05% of Linde worth $100,356,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LIN. Annapolis Financial Services LLC raised its stake in shares of Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 38 shares during the period. Carmel Capital Partners LLC bought a new position in shares of Linde in the 3rd quarter valued at about $26,000. Provence Wealth Management Group bought a new position in shares of Linde in the 3rd quarter valued at about $29,000. FWL Investment Management LLC bought a new position in shares of Linde in the 4th quarter valued at about $30,000. Finally, RVW Wealth LLC bought a new position in shares of Linde in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stifel Nicolaus cut Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a report on Monday, January 22nd. Wells Fargo & Company raised their price objective on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. TD Cowen lifted their price target on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Wolfe Research initiated coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average target price of $456.79.

Insiders Place Their Bets

In other Linde news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the sale, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the sale, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock worth $35,811,988 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Linde Trading Down 0.1 %

LIN traded down $0.36 during trading on Thursday, reaching $446.43. 1,060,195 shares of the stock traded hands, compared to its average volume of 2,256,898. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $214.99 billion, a PE ratio of 35.46, a P/E/G ratio of 2.91 and a beta of 0.93. The stock’s 50-day moving average is $452.70 and its 200 day moving average is $417.56. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71.

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

Linde Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a yield of 1.25%. Linde’s dividend payout ratio is currently 44.13%.

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.