Linde plc (NASDAQ:LIN) Shares Bought by Brooklyn Investment Group

Brooklyn Investment Group boosted its position in shares of Linde plc (NASDAQ:LIN) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,312 shares of the basic materials company’s stock after buying an additional 231 shares during the period. Brooklyn Investment Group’s holdings in Linde were worth $1,386,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LIN. Global Wealth Strategies & Associates increased its position in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the period. Kozak & Associates Inc. acquired a new position in shares of Linde in the third quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde in the third quarter valued at approximately $43,000. Decker Retirement Planning Inc. acquired a new position in shares of Linde in the fourth quarter valued at approximately $47,000. Finally, Voisard Asset Management Group Inc. increased its holdings in shares of Linde by 1,733.3% in the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LIN shares. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $495.75.

Insider Activity

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

Linde Stock Up 0.8 %

LIN opened at $436.00 on Friday. The business’s fifty day moving average is $437.32 and its two-hundred day moving average is $452.77. 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 $207.61 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94. Linde plc has a one year low of $396.07 and a one year high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for 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%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 earnings per share. Analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed 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 was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.28%. Linde’s dividend payout ratio is currently 42.22%.

Linde Company 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.