Boothbay Fund Management LLC Has $876,000 Position in Linde plc (NASDAQ:LIN)

Boothbay Fund Management LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 25.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,092 shares of the basic materials company’s stock after buying an additional 429 shares during the quarter. Boothbay Fund Management LLC’s holdings in Linde were worth $876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Linde during the fourth quarter worth $2,901,853,000. Capital World Investors increased its stake in shares of Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company’s stock worth $4,834,631,000 after purchasing an additional 2,957,604 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Linde by 56,467.9% in the 4th quarter. Proficio Capital Partners LLC now owns 1,097,982 shares of the basic materials company’s stock valued at $459,692,000 after purchasing an additional 1,096,041 shares during the period. Assenagon Asset Management S.A. lifted its stake in 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Linde during the fourth quarter worth about $308,251,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares of the company’s stock, valued at $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock worth $5,603,843 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Linde Stock Up 0.6 %

LIN opened at $450.58 on Wednesday. The stock has a fifty day moving average of $453.85 and a 200-day moving average of $450.06. The company has a market capitalization of $213.08 billion, a P/E ratio of 33.11, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. 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 quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, equities analysts expect that Linde plc will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Wednesday, June 4th. Linde’s dividend payout ratio is currently 44.09%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Argus raised Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $498.00.

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.