Linde plc (NASDAQ:LIN) Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 480 shares of the basic materials company’s stock after purchasing an additional 60 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Linde were worth $201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LIN. Howard Capital Management Group LLC acquired a new position in Linde in the 3rd quarter valued at about $252,000. Quantbot Technologies LP acquired a new position in shares of Linde in the third quarter valued at approximately $507,000. Transamerica Financial Advisors Inc. raised its stake in shares of Linde by 2,191.7% during the third quarter. Transamerica Financial Advisors Inc. now owns 275 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 263 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Linde by 16.8% during the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after purchasing an additional 1,383 shares during the period. Finally, Glenmede Trust Co. NA grew its position in Linde by 1.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 17,942 shares of the basic materials company’s stock valued at $8,556,000 after buying an additional 180 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on LIN. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Up 0.7 %

Shares of Linde stock opened at $464.73 on Friday. The company has a 50-day moving average of $455.63 and a two-hundred day moving average of $454.31. The stock has a market cap of $219.78 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, research analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.29%. This is a boost from Linde’s previous quarterly dividend of $1.39. The ex-dividend date was Thursday, March 13th. Linde’s dividend payout ratio is presently 44.09%.

Insider Buying and Selling at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the sale, the vice president now owns 1,300 shares of the company’s stock, valued at approximately $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,159 shares of company stock worth $5,603,843. 0.60% of the stock is owned by corporate insiders.

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.