Linde plc (NASDAQ:LIN) Shares Bought by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC boosted its holdings in Linde plc (NASDAQ:LIN) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,883 shares of the basic materials company’s stock after acquiring an additional 5,550 shares during the period. Linde accounts for about 1.4% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Bartlett & CO. Wealth Management LLC’s holdings in Linde were worth $97,501,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LIN. Channel Wealth LLC increased its stake in Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after acquiring an additional 46,843 shares in the last quarter. M&T Bank Corp raised its position in Linde by 6.7% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares during the period. Townsquare Capital LLC raised its holdings in shares of Linde by 16.8% during the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after buying an additional 1,383 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted 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 purchasing an additional 2,312 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Up 0.0 %

Shares of NASDAQ:LIN opened at $442.60 on Thursday. Linde plc has a 52-week low of $396.07 and a 52-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 company has a market cap of $210.75 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.74 and a beta of 0.94. The stock’s 50-day moving average is $436.18 and its 200-day moving average is $453.18.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $3.63 earnings per share. Equities research analysts predict that Linde plc will post 15.45 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Insider Activity at Linde

In related news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on 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 $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $501.82.

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.