Linde plc (NASDAQ:LIN) Shares Purchased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 3.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,065 shares of the basic materials company’s stock after buying an additional 128 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Linde were worth $1,702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its position in shares of Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after purchasing an additional 5,021 shares during the period. Townsquare Capital LLC boosted its position 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 buying an additional 1,383 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after buying an additional 2,312 shares during the period. Waverton Investment Management Ltd grew its stake in shares of Linde by 0.9% in the third quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock valued at $93,457,000 after buying an additional 1,811 shares in the last quarter. Finally, Atom Investors LP raised its holdings in shares of Linde by 19.8% in the 3rd quarter. Atom Investors LP now owns 12,269 shares of the basic materials company’s stock valued at $5,851,000 after buying an additional 2,028 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Linde Stock Down 0.2 %

NASDAQ:LIN traded down $0.89 during midday trading on Monday, hitting $412.61. 974,439 shares of the company were exchanged, compared to its average volume of 1,674,594. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a market capitalization of $196.47 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. The company has a fifty day simple moving average of $445.07 and a 200 day simple moving average of $454.18.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LIN. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup cut their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

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.