1,173 Shares in Linde plc (NASDAQ:LIN) Bought by Rossby Financial LCC

Rossby Financial LCC acquired a new stake in shares of Linde plc (NASDAQ:LIN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,173 shares of the basic materials company’s stock, valued at approximately $491,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wrapmanager Inc. boosted its stake in shares of Linde by 1.3% in the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock valued at $709,000 after buying an additional 22 shares during the period. Knuff & Co LLC increased its stake in shares of Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock worth $114,000 after buying an additional 22 shares during the period. New Age Alpha Advisors LLC raised its holdings in Linde by 34.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 22 shares in the last quarter. Concord Asset Management LLC VA lifted its stake in Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after acquiring an additional 23 shares during the last quarter. Finally, Fourpath Capital Management LLC grew its holdings in Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.0 %

Shares of LIN stock opened at $446.03 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The firm’s 50 day moving average price is $456.14 and its two-hundred day moving average price is $451.57. The stock has a market cap of $210.93 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

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

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a yield of 1.35%. Linde’s payout ratio is currently 44.09%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a report on Thursday, April 3rd. TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, Argus upgraded shares of Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $498.00.

Insider Buying and Selling at Linde

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the sale, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock valued at $5,603,843 in the last three months. Corporate insiders own 0.60% of the company’s stock.

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.