Insight Wealth Strategies LLC Has $1.75 Million Stake in Linde plc (NASDAQ:LIN)

Insight Wealth Strategies LLC lowered its stake in shares of Linde plc (NASDAQ:LINFree Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,261 shares of the basic materials company’s stock after selling 74 shares during the period. Insight Wealth Strategies LLC’s holdings in Linde were worth $1,750,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Linde in the fourth quarter valued at approximately $2,409,138,000. Winder Pte. Ltd. bought a new position in shares of Linde in the third quarter worth $1,892,774,000. WCM Investment Management LLC increased its holdings in shares of Linde by 888.7% in the first quarter. WCM Investment Management LLC now owns 3,741,529 shares of the basic materials company’s stock worth $1,329,889,000 after purchasing an additional 3,363,112 shares during the period. Morgan Stanley increased its stake in Linde by 55.9% in the fourth quarter. Morgan Stanley now owns 5,457,759 shares of the basic materials company’s stock valued at $1,780,213,000 after acquiring an additional 1,956,394 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Linde by 450.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,141,656 shares of the basic materials company’s stock valued at $698,566,000 after acquiring an additional 1,752,456 shares during the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.

Linde Trading Down 0.1 %

Shares of Linde stock traded down $0.49 during trading on Thursday, reaching $466.30. 2,723,868 shares of the stock were exchanged, compared to its average volume of 2,487,088. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. Linde plc has a 1 year low of $337.95 and a 1 year high of $477.71. The stock’s fifty day moving average is $431.94 and its 200 day moving average is $406.75. The firm has a market cap of $224.56 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93.

Linde (NASDAQ:LINGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, topping the consensus estimate of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the business posted $3.16 earnings per share. Linde’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.19%. This is a positive change from Linde’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, March 13th. Linde’s dividend payout ratio (DPR) is presently 44.13%.

Insider Activity

In related news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,248 shares of company stock worth $35,811,988. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LIN shares. Mizuho increased their target price on Linde from $434.00 to $503.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Wolfe Research started coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. HSBC raised their price objective on Linde from $440.00 to $447.00 and gave the company a “buy” rating in a research note on Friday, November 24th. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, TD Cowen raised their price objective on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $443.79.

Read Our Latest Stock Report on LIN

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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