Global Retirement Partners LLC Increases Stock Position in Linde plc (NASDAQ:LIN)

Global Retirement Partners LLC grew its stake in shares of Linde plc (NASDAQ:LINFree Report) by 36.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 860 shares of the basic materials company’s stock after buying an additional 232 shares during the period. Global Retirement Partners LLC’s holdings in Linde were worth $350,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in Linde by 1.9% in the 4th quarter. Blue Trust Inc. now owns 2,210 shares of the basic materials company’s stock valued at $908,000 after purchasing an additional 41 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in Linde by 2.4% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,557 shares of the basic materials company’s stock valued at $640,000 after purchasing an additional 36 shares in the last quarter. Inscription Capital LLC increased its holdings in Linde by 20.5% in the 4th quarter. Inscription Capital LLC now owns 881 shares of the basic materials company’s stock valued at $362,000 after purchasing an additional 150 shares in the last quarter. Brave Asset Management Inc. increased its holdings in Linde by 9.8% in the 4th quarter. Brave Asset Management Inc. now owns 675 shares of the basic materials company’s stock valued at $277,000 after purchasing an additional 60 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its holdings in Linde by 1.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 25 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Linde news, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were 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 at this link. In other Linde 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 value of $2,466,417.03. Following the sale, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock valued at $35,811,988 over the last quarter. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LIN. Mizuho increased their price target on Linde from $503.00 to $510.00 and gave the company a “neutral” rating in a report on Tuesday, March 26th. Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. UBS Group downgraded Linde from a “buy” rating to a “neutral” rating and raised their target price for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Wells Fargo & Company raised their target price on Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 target price for the company. in a research note on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.93.

Check Out Our Latest Analysis on LIN

Linde Stock Performance

Shares of LIN stock opened at $461.34 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. Linde plc has a one year low of $350.60 and a one year high of $477.71. The company’s 50-day simple moving average is $441.31 and its 200-day simple moving average is $411.36. The stock has a market capitalization of $222.17 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 3.03 and a beta of 0.93.

Linde (NASDAQ:LINGet Free Report) last issued its 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. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the company posted $3.16 earnings per share. Linde’s revenue was up 5.1% on a year-over-year basis. Equities analysts anticipate 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 was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.39 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $5.56 dividend on an annualized basis and a yield of 1.21%. This is a boost from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio (DPR) is currently 44.13%.

Linde Profile

(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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