Heritage Investors Management Corp Sells 37 Shares of Linde plc (NASDAQ:LIN)

Heritage Investors Management Corp lowered its stake in shares of Linde plc (NASDAQ:LINFree Report) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,856 shares of the basic materials company’s stock after selling 37 shares during the period. Heritage Investors Management Corp’s holdings in Linde were worth $10,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Synergy Asset Management LLC purchased a new position in Linde during the fourth quarter valued at $25,000. Strategic Financial Concepts LLC bought a new position in shares of Linde during the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates grew its position in shares of Linde by 144.8% during the fourth 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 in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Linde in the fourth quarter worth about $34,000. Finally, Kozak & Associates Inc. increased its holdings in shares of Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $461.40 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a market capitalization of $219.70 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 3.08 and a beta of 0.94. The firm’s 50-day moving average is $439.02 and its 200 day moving average is $454.75.

Linde (NASDAQ:LINGet Free Report) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Research analysts predict that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.30%. This is an increase from Linde’s previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. Linde’s dividend payout ratio (DPR) is 40.85%.

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,285 shares of company stock valued at $7,423,986. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LIN shares. BMO Capital Markets raised their price target on Linde from $477.00 to $507.00 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. Citigroup reduced their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average target price of $501.82.

Check Out Our Latest Stock Analysis on Linde

About Linde

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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