Concord Wealth Partners Has $1.23 Million Holdings in Linde plc (NASDAQ:LIN)

Concord Wealth Partners boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 52.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,989 shares of the basic materials company’s stock after buying an additional 1,032 shares during the quarter. Concord Wealth Partners’ holdings in Linde were worth $1,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LIN. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in shares of Linde during the fourth quarter worth approximately $203,000. Handelsinvest Investeringsforvaltning bought a new stake in shares of Linde in the fourth quarter valued at approximately $1,600,000. Harbour Trust & Investment Management Co bought a new stake in shares of Linde in the fourth quarter valued at approximately $1,480,000. Sumitomo Life Insurance Co. bought a new stake in shares of Linde in the fourth quarter valued at approximately $2,045,000. Finally, Capricorn Fund Managers Ltd boosted its stake in shares of Linde by 156.3% in the fourth quarter. Capricorn Fund Managers Ltd now owns 10,121 shares of the basic materials company’s stock valued at $4,146,000 after buying an additional 6,172 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wolfe Research assumed coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Wells Fargo & Company boosted their price target on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. TD Cowen upped their target price on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Finally, UBS Group cut Linde from a “buy” rating to a “neutral” rating and upped their target price for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Linde has an average rating of “Moderate Buy” and an average target price of $460.00.

Linde Price Performance

Shares of LIN traded up $6.99 during trading hours on Wednesday, reaching $447.95. The stock had a trading volume of 898,708 shares, compared to its average volume of 2,181,069. The company’s 50-day moving average is $456.43 and its two-hundred day moving average is $422.26. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. The stock has a market capitalization of $215.72 billion, a PE ratio of 35.41, a PEG ratio of 2.90 and a beta of 0.93.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the company posted $3.16 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts expect that Linde plc will post 15.58 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is presently 44.13%.

Insider Transactions at Linde

In other news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the completion of the sale, the vice president now directly owns 6,920 shares in the company, valued at approximately $3,177,248.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total value of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,248 shares of company stock valued at $35,811,988. Corporate insiders own 0.70% 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.