Apollon Wealth Management LLC Has $2.27 Million Holdings in Linde plc (NASDAQ:LIN)

Apollon Wealth Management LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 70.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,520 shares of the basic materials company’s stock after purchasing an additional 2,285 shares during the quarter. Apollon Wealth Management LLC’s holdings in Linde were worth $2,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC boosted its holdings in Linde by 1.8% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after acquiring an additional 25 shares during the last quarter. Claro Advisors LLC increased its position in shares of Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock worth $951,000 after buying an additional 25 shares during the period. Fort Point Capital Partners LLC raised its stake in Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock worth $516,000 after buying an additional 26 shares during the last quarter. Seven Mile Advisory lifted its holdings in Linde by 4.2% in the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after buying an additional 26 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its position in Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after acquiring an additional 26 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Linde news, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $462.04, for a total value of $3,837,704.24. Following the transaction, the chief executive officer now directly owns 56,398 shares in the company, valued at $26,058,131.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Cowen boosted their price objective on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. HSBC reduced their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and boosted their target price for the company from $475.00 to $500.00 in a research report on Wednesday, April 10th. Wolfe Research started coverage on shares of Linde in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, Seaport Res Ptn lowered shares of 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 issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $464.69.

Linde Stock Up 0.8 %

LIN stock traded up $3.38 during mid-day trading on Tuesday, reaching $430.00. 1,549,456 shares of the company traded hands, compared to its average volume of 2,218,466. The stock has a market cap of $206.69 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 2.78 and a beta of 0.94. Linde plc has a fifty-two week low of $350.60 and a fifty-two week high of $477.71. The firm’s 50 day moving average price is $455.10 and its 200 day moving average price is $423.74. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $8.38 billion. During the same quarter in the previous year, the firm earned $3.42 earnings per share. Linde’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts predict that Linde plc will post 15.5 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

About 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.