Linde plc (NASDAQ:LIN) Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 10,741 shares of the basic materials company’s stock after acquiring an additional 267 shares during the quarter. Procyon Advisors LLC’s holdings in Linde were worth $4,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after acquiring an additional 2,592,682 shares during the period. International Assets Investment Management LLC increased its position in shares of Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after acquiring an additional 934,123 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after purchasing an additional 749,763 shares in the last quarter. AMF Tjanstepension AB raised its holdings in Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares in the last quarter. Finally, KBC Group NV grew its stake in Linde by 131.6% in the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Stock Up 1.1 %

LIN opened at $432.49 on Friday. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The firm has a market cap of $205.93 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 2.42 and a beta of 0.94. The firm’s 50-day simple moving average is $437.98 and its 200-day simple moving average is $452.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

Analyst Ratings Changes

A number of research firms recently issued reports on LIN. BMO Capital Markets boosted their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Mizuho raised their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a research report on Monday. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $495.75.

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.