Murphy & Mullick Capital Management Corp Invests $42,000 in Linde plc (NASDAQ:LIN)

Murphy & Mullick Capital Management Corp purchased a new stake in shares of Linde plc (NASDAQ:LIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100 shares of the basic materials company’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Linde by 1.4% in the third quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock worth $5,217,197,000 after purchasing an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Linde by 372.8% in 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 buying an additional 2,592,682 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Linde by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,105,290 shares of the basic materials company’s stock worth $1,300,092,000 after buying an additional 89,408 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares during the period. Finally, Alphinity Investment Management Pty Ltd raised its holdings in shares of Linde by 3.0% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 1,680,279 shares of the basic materials company’s stock valued at $703,482,000 after acquiring an additional 49,374 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the transaction, the vice president now owns 1,300 shares of the company’s stock, valued at $610,662. This represents a 65.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,159 shares of company stock valued at $5,603,843. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent analyst reports. Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three investment 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, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Up 0.7 %

NASDAQ:LIN opened at $464.73 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The firm’s 50-day moving average price is $455.63 and its 200-day moving average price is $454.31. The company has a market capitalization of $219.78 billion, a PE ratio of 34.15, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 predict that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $1.50 per share. This is a boost from Linde’s previous quarterly dividend of $1.39. The ex-dividend date was Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a yield of 1.29%. Linde’s payout ratio is presently 44.09%.

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.