Linde plc (NASDAQ:LIN) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,206 shares of the basic materials company’s stock after acquiring an additional 157 shares during the quarter. Capital Investment Advisors LLC’s holdings in Linde were worth $505,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LIN. Global Wealth Strategies & Associates boosted its position in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in Linde during the third quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in Linde during the third quarter worth approximately $43,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Linde by 1,733.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 104 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its holdings in shares of Linde by 618.8% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LIN shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $495.75.

Linde Stock Performance

Shares of LIN stock opened at $427.98 on Thursday. The company’s fifty day simple moving average is $438.67 and its 200-day simple moving average is $453.08. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The company has a market cap of $203.79 billion, a PE ratio of 32.50, a P/E/G ratio of 2.79 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the firm posted $3.63 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.30%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Insider Buying and Selling

In other news, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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.