Wynn Capital LLC Invests $337,000 in Linde plc (NASDAQ:LIN)

Wynn Capital LLC acquired a new position in shares of Linde plc (NASDAQ:LIN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 820 shares of the basic materials company’s stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. Clear Harbor Asset Management LLC increased its holdings in Linde by 1.8% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 25 shares in the last quarter. Claro Advisors LLC increased its holdings in Linde by 1.1% in the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock worth $951,000 after purchasing an additional 25 shares in the last quarter. Fort Point Capital Partners LLC increased its holdings in shares of Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 26 shares in the last quarter. Seven Mile Advisory increased its holdings in shares of Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after acquiring an additional 26 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. increased its holdings in shares of Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. UBS Group lowered Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. Finally, Wolfe Research assumed coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $456.79.

Insider Activity

In other news, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the transaction, the chief executive officer now directly owns 56,398 shares in the company, valued at $26,058,131.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the sale, the chief executive officer now directly owns 56,398 shares in the company, valued at $26,058,131.92. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock worth $35,811,988 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Down 0.2 %

Shares of Linde stock traded down $0.74 on Wednesday, reaching $444.32. The company’s stock had a trading volume of 1,968,431 shares, compared to its average volume of 2,226,559. The company has a market capitalization of $213.97 billion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 2.92 and a beta of 0.93. The firm’s fifty day simple moving average is $455.01 and its two-hundred day simple moving average is $419.93. Linde plc has a 52 week low of $350.60 and a 52 week high of $477.71. 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 (NASDAQ:LIN) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $3.16 EPS. Equities analysts anticipate that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a yield of 1.25%. Linde’s payout ratio is 44.13%.

Linde 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.