Linde plc (NASDAQ:LIN) Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC lifted its holdings in Linde plc (NASDAQ:LIN) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,854 shares of the basic materials company’s stock after purchasing an additional 940 shares during the period. Naviter Wealth LLC’s holdings in Linde were worth $2,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Carmel Capital Partners LLC acquired a new stake in shares of Linde in the third quarter valued at about $26,000. Annapolis Financial Services LLC lifted its stake in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after buying an additional 38 shares in the last quarter. Provence Wealth Management Group acquired a new stake in Linde in the 3rd quarter worth about $29,000. Addison Advisors LLC boosted its holdings in Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after buying an additional 62 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE increased its stake in Linde by 42.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock worth $48,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Oliver Pfann sold 300 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,248 shares of company stock valued at $35,811,988. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LIN. UBS Group downgraded Linde from a “buy” rating to a “neutral” rating and raised their target price for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Mizuho raised shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 target price for the company in a report on Thursday, April 18th. Wells Fargo & Company increased their target price on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Wolfe Research assumed coverage on shares of Linde in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and increased their price objective for the company from $475.00 to $500.00 in a report on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $460.00.

Linde Trading Up 0.0 %

Shares of LIN traded up $0.22 during trading on Monday, reaching $443.40. 468,838 shares of the company traded hands, compared to its average volume of 2,187,848. The stock has a 50-day simple moving average of $456.06 and a 200-day simple moving average of $421.34. The stock has a market cap of $213.53 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 2.89 and a beta of 0.93. Linde plc has a twelve month low of $350.60 and a twelve month high of $477.71. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33.

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

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from Linde’s previous quarterly dividend of $0.88. Linde’s payout ratio is currently 44.13%.

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.