Linde plc (NASDAQ:LIN) Shares Purchased by Capital Market Strategies LLC

Capital Market Strategies LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 9.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 598 shares of the basic materials company’s stock after purchasing an additional 50 shares during the period. Capital Market Strategies LLC’s holdings in Linde were worth $250,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Kozak & Associates Inc. purchased a new position in shares of Linde during the third quarter worth about $34,000. Global Wealth Strategies & Associates grew its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Linde in the 3rd quarter valued at approximately $43,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Linde by 133.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the period. Finally, Voisard Asset Management Group Inc. lifted its holdings in shares of Linde by 1,733.3% during the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 104 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

LIN traded up $0.29 during midday trading on Monday, reaching $413.79. 748,638 shares of the company’s stock were exchanged, compared to its average volume of 1,599,807. The business’s 50-day moving average price is $445.07 and its 200 day moving average price is $454.18. The stock has a market capitalization of $197.03 billion, a PE ratio of 31.42, a P/E/G ratio of 2.79 and a beta of 0.94. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 earnings per share. As a group, equities analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LIN. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, Citigroup dropped their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

About Linde

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.