PFC Capital Group Inc. Purchases 80 Shares of Linde plc (NASDAQ:LIN)

PFC Capital Group Inc. boosted its holdings in Linde plc (NASDAQ:LIN) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,492 shares of the basic materials company’s stock after acquiring an additional 80 shares during the quarter. PFC Capital Group Inc.’s holdings in Linde were worth $1,043,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LIN. Wrapmanager Inc. raised its position in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock valued at $709,000 after purchasing an additional 22 shares in the last quarter. Knuff & Co LLC lifted its position in Linde by 8.8% in the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock worth $114,000 after buying an additional 22 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after buying an additional 22 shares during the last quarter. Concord Asset Management LLC VA boosted its stake in Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 23 shares in the last quarter. Finally, Fourpath Capital Management LLC grew its position in Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LIN. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Up 1.4 %

Shares of LIN opened at $465.64 on Tuesday. The stock has a market capitalization of $220.21 billion, a P/E ratio of 34.21, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $456.69 and a two-hundred day simple moving average of $454.13.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, research analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $1.50 dividend. This is a positive change from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, March 13th. Linde’s dividend payout ratio (DPR) is currently 44.09%.

Insider Activity

In other news, VP David P. Strauss sold 2,477 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the sale, the vice president now directly owns 1,300 shares of the company’s stock, valued at approximately $610,662. This trade represents a 65.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,159 shares of company stock valued at $5,603,843. Company insiders own 0.60% of the company’s stock.

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.