Linde plc (NASDAQ:LIN) Position Lessened by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 0.4% in the fourth quarter, Holdings Channel reports. The firm owned 35,317 shares of the basic materials company’s stock after selling 141 shares during the period. Linde comprises about 0.6% of Pallas Capital Advisors LLC’s holdings, making the stock its 28th biggest position. Pallas Capital Advisors LLC’s holdings in Linde were worth $14,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Kozak & Associates Inc. acquired a new position in shares of Linde in the 3rd quarter worth approximately $34,000. Global Wealth Strategies & Associates raised its holdings in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Linde in the third quarter valued at approximately $43,000. Voisard Asset Management Group Inc. boosted its stake in Linde by 1,733.3% in the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 104 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC grew its holdings in Linde by 618.8% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 99 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and raised their price target for the stock from $480.00 to $515.00 in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $495.75.

Insider Buying and Selling at Linde

In related news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Linde Trading Up 1.8 %

Shares of NASDAQ LIN traded up $7.28 during trading hours on Monday, reaching $421.43. The stock had a trading volume of 2,811,848 shares, compared to its average volume of 2,507,737. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The business’s fifty day moving average price is $439.96 and its two-hundred day moving average price is $453.30. The firm has a market cap of $200.67 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 2.79 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

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

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a $1.39 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.32%. Linde’s dividend payout ratio (DPR) is 42.22%.

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.