Linde plc (NASDAQ:LIN) Shares Purchased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,669 shares of the basic materials company’s stock after purchasing an additional 259 shares during the period. Signal Advisors Wealth LLC’s holdings in Linde were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Ayrshire Capital Management LLC boosted its position in Linde by 10.6% in the 4th quarter. Ayrshire Capital Management LLC now owns 13,414 shares of the basic materials company’s stock worth $5,616,000 after purchasing an additional 1,285 shares in the last quarter. AAFMAA Wealth Management & Trust LLC increased its holdings in shares of Linde by 6.3% during the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 5,377 shares of the basic materials company’s stock valued at $2,251,000 after purchasing an additional 317 shares in the last quarter. Exeter Financial LLC lifted its stake in shares of Linde by 0.9% in the 4th quarter. Exeter Financial LLC now owns 5,874 shares of the basic materials company’s stock valued at $2,459,000 after purchasing an additional 54 shares during the period. Traveka Wealth LLC boosted its holdings in Linde by 2.9% during the fourth quarter. Traveka Wealth LLC now owns 1,110 shares of the basic materials company’s stock worth $465,000 after buying an additional 31 shares in the last quarter. Finally, Signet Financial Management LLC purchased a new stake in Linde during the fourth quarter worth $749,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Up 1.4 %

Shares of LIN stock opened at $427.29 on Wednesday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock’s fifty day moving average is $438.67 and its two-hundred day moving average is $453.08. The firm has a market capitalization of $203.46 billion, a P/E ratio of 32.44, a PEG ratio of 2.79 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the firm posted $3.63 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insider Activity at Linde

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LIN shares. Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $515.00 in a research report on Monday. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $495.75.

About Linde

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.