Lineweaver Wealth Advisors LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,453 shares of the basic materials company’s stock, valued at approximately $1,046,000.
A number of other institutional investors have also modified their holdings of LIN. Darwin Wealth Management LLC acquired a new stake in Linde during the second quarter worth approximately $25,000. Marquette Asset Management LLC purchased a new stake in Linde in the 3rd quarter worth approximately $27,000. YANKCOM Partnership raised its holdings in Linde by 195.2% in the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Linde in the 3rd quarter valued at $29,000. Finally, Saranac Partners Ltd purchased a new position in shares of Linde during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Stock Down 0.9%
Shares of NASDAQ LIN opened at $491.12 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $510.65. The firm has a fifty day moving average of $477.66 and a 200-day moving average of $451.23. The stock has a market capitalization of $227.58 billion, a PE ratio of 33.66, a P/E/G ratio of 3.23 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52.
Linde Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th were issued a $1.60 dividend. This is a positive change from Linde’s previous quarterly dividend of $1.50. The ex-dividend date was Wednesday, March 11th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is 43.87%.
Insider Transactions at Linde
In related news, VP Guillermo Bichara sold 9,455 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the completion of the sale, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,636,202.10. This represents a 29.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sean Durbin sold 6,520 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the sale, the executive vice president directly owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This trade represents a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 20,332 shares of company stock worth $9,749,257. Company insiders own 0.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on LIN shares. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Mizuho set a $525.00 target price on Linde in a research note on Friday, February 6th. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Wednesday, March 11th. CICC Research began coverage on Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Linde from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $455.00 to $525.00 in a report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $515.20.
Read Our Latest Stock Report on LIN
Linde Company Profile
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
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