Royal Fund Management LLC Invests $209,000 in Linde plc (NASDAQ:LIN)

Royal Fund Management LLC bought a new stake in shares of Linde plc (NASDAQ:LIN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 508 shares of the basic materials company’s stock, valued at approximately $209,000.

A number of other large investors have also made changes to their positions in LIN. Carmel Capital Partners LLC acquired a new stake in shares of Linde during the third quarter worth approximately $26,000. Annapolis Financial Services LLC increased its stake in shares of Linde by 122.6% in the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 38 shares during the last quarter. Provence Wealth Management Group acquired a new position in shares of Linde in the third quarter worth $29,000. Addison Advisors LLC raised its holdings in shares of Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 62 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in Linde by 347.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of a number of recent research reports. Wolfe Research started coverage on Linde in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Mizuho raised their price target on shares of Linde from $510.00 to $512.00 and gave the company a “buy” rating in a report on Friday. Seaport Res Ptn lowered shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. TD Cowen upped their target price 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. Finally, Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research report on Monday, January 22nd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $460.15.

Insider Transactions at Linde

In other Linde news, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Linde news, VP Juergen Nowicki sold 13,134 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. Insiders sold 78,248 shares of company stock valued at $35,811,988 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Linde Trading Up 0.9 %

Linde stock traded up $3.98 during midday trading on Friday, hitting $423.60. 2,657,419 shares of the stock were exchanged, compared to its average volume of 1,803,659. Linde plc has a 52 week low of $350.60 and a 52 week high of $477.71. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $204.00 billion, a PE ratio of 32.86, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a fifty day simple moving average of $455.47 and a two-hundred day simple moving average of $422.69.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $8.38 billion. During the same period in the prior year, the company earned $3.42 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that Linde plc will post 15.49 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

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.