1,219 Shares in Linde plc (NASDAQ:LIN) Purchased by Dohj LLC

Dohj LLC bought a new position in shares of Linde plc (NASDAQ:LIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,219 shares of the basic materials company’s stock, valued at approximately $501,000.

Other hedge funds also recently bought and sold shares of the company. Annapolis Financial Services LLC boosted its stake in Linde by 122.6% during the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after buying an additional 38 shares during the period. Carmel Capital Partners LLC purchased a new position in shares of Linde in the third quarter valued at approximately $26,000. Provence Wealth Management Group purchased a new position in shares of Linde in the third quarter valued at approximately $29,000. Addison Advisors LLC boosted its stake in shares of Linde by 310.0% in the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Linde by 42.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LIN shares. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Wolfe Research started coverage on shares of Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. TD Cowen raised their price objective on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Mizuho raised shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 price objective on the stock in a report on Thursday, April 18th. Finally, Citigroup cut shares of Linde from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $456.79.

Linde Price Performance

LIN stock traded down $0.65 during trading on Friday, hitting $443.18. The stock had a trading volume of 1,583,773 shares, compared to its average volume of 1,507,545. The company’s 50 day moving average price is $456.06 and its two-hundred day moving average price is $420.75. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71. The stock has a market cap of $213.43 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. 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 (NASDAQ:LIN) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating 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 firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the previous year, the company posted $3.16 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

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

Insider Activity

In related news, VP Juergen Nowicki sold 13,134 shares of the 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 completion of the sale, the vice president now owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Linde news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the completion of the transaction, the vice president now 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. Insiders sold a total of 78,248 shares of company stock valued at $35,811,988 in the last 90 days. 0.70% of the stock is currently owned by insiders.

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.