Linde plc (NASDAQ:LIN) Stock Holdings Boosted by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC increased its position in Linde plc (NASDAQ:LIN) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 795 shares of the basic materials company’s stock after purchasing an additional 33 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Linde were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Helios Capital Management PTE. Ltd. increased its stake in shares of Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after purchasing an additional 1,150 shares during the period. Channel Wealth LLC grew its holdings in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after buying an additional 1,723 shares in the last quarter. M&T Bank Corp increased its position in Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after acquiring an additional 5,021 shares during the period. Nordea Investment Management AB raised its stake in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after acquiring an additional 46,843 shares in the last quarter. Finally, SYM FINANCIAL Corp acquired a new position in Linde during the 4th quarter worth $625,000. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent analyst reports. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup dropped their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.5 %

NASDAQ LIN opened at $467.22 on Friday. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a market capitalization of $220.95 billion, a P/E ratio of 34.33, a PEG ratio of 3.08 and a beta of 0.94. The company’s 50 day simple moving average is $458.25 and its 200 day simple moving average is $454.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

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

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.28%. This is an increase from Linde’s previous quarterly dividend of $1.39. The ex-dividend date was Thursday, March 13th. Linde’s dividend payout ratio is currently 44.09%.

Insider Activity at Linde

In other news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction that occurred on 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 transaction, the vice president now directly owns 1,300 shares of the company’s stock, valued at $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on 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 sale, 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. Insiders sold 12,159 shares of company stock worth $5,603,843 in the last quarter. 0.60% of the stock is owned by company insiders.

Linde 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.