Silvercrest Asset Management Group LLC Grows Position in Linde plc (NASDAQ:LIN)

Silvercrest Asset Management Group LLC boosted its stake in Linde plc (NASDAQ:LIN) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,377 shares of the basic materials company’s stock after buying an additional 331 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Linde were worth $19,835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Helios Capital Management PTE. Ltd. increased its position in shares of Linde by 85.2% during the 4th 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 last quarter. Channel Wealth LLC increased its position in shares of Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Linde by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company’s stock valued at $88,505,000 after purchasing an additional 1,320 shares during the last quarter. SYM FINANCIAL Corp purchased a new stake in shares of Linde during the 4th quarter valued at $625,000. Finally, Perigon Wealth Management LLC increased its position in shares of Linde by 53.6% during the 4th quarter. Perigon Wealth Management LLC now owns 6,571 shares of the basic materials company’s stock valued at $2,842,000 after purchasing an additional 2,292 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research analyst reports. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Argus raised Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $503.11.

Linde Trading Up 0.8%

Shares of LIN opened at $457.77 on Friday. The business has a 50-day moving average of $451.02 and a 200 day moving average of $447.77. Linde plc has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The firm has a market cap of $215.48 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the company earned $3.75 EPS. The firm’s revenue was up .1% compared to the same quarter last year. As a group, research analysts forecast that Linde plc will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.31%. Linde’s dividend payout ratio is currently 43.57%.

Insiders Place Their Bets

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This trade represents a 31.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the transaction, the vice president now owns 1,300 shares of the company’s stock, valued at approximately $610,662. This represents a 65.58% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

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.