Logan Capital Management Inc. Has $6.59 Million Stock Position in Linde plc (NASDAQ:LIN)

Logan Capital Management Inc. reduced its position in shares of Linde plc (NASDAQ:LIN) by 3.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,735 shares of the basic materials company’s stock after selling 482 shares during the period. Logan Capital Management Inc.’s holdings in Linde were worth $6,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in shares of Linde in the 4th quarter worth approximately $25,000. Rakuten Securities Inc. raised its position in Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Dunhill Financial LLC acquired a new position in Linde in the fourth quarter worth $34,000. Retirement Wealth Solutions LLC bought a new stake in shares of Linde during the fourth quarter worth $34,000. Finally, New Age Alpha Advisors LLC grew its holdings in shares of Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 22 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,477 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the sale, the vice president now directly owns 1,300 shares in the company, valued at $610,662. This trade represents a 65.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. The trade was a 31.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Linde Price Performance

LIN opened at $452.56 on Monday. The company has a fifty day moving average price of $452.15 and a two-hundred day moving average price of $448.17. The firm has a market capitalization of $213.03 billion, a PE ratio of 33.25, a P/E/G ratio of 3.08 and a beta of 1.00. Linde plc has a 52 week low of $408.65 and a 52 week high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business had revenue of $8.11 billion during the quarter, compared to analysts’ expectations of $8.24 billion. During the same period in the previous year, the firm earned $3.75 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts anticipate that Linde plc will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.33%. Linde’s dividend payout ratio is 43.57%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Argus upgraded shares of Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $503.11.

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.