Mitchell Mcleod Pugh & Williams Inc. Acquires 90 Shares of Linde plc (NASDAQ:LIN)

Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Linde plc (NASDAQ:LIN) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,710 shares of the basic materials company’s stock after purchasing an additional 90 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Linde were worth $1,135,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Linde by 6.1% in the 2nd quarter. Brighton Jones LLC now owns 1,299 shares of the basic materials company’s stock valued at $570,000 after purchasing an additional 75 shares during the period. AE Wealth Management LLC raised its position in Linde by 39.8% in the 2nd quarter. AE Wealth Management LLC now owns 4,202 shares of the basic materials company’s stock valued at $1,844,000 after buying an additional 1,196 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Linde by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 120,352 shares of the basic materials company’s stock valued at $52,812,000 after acquiring an additional 1,186 shares in the last quarter. Hancock Whitney Corp boosted its position in Linde by 7.6% during the 2nd quarter. Hancock Whitney Corp now owns 2,180 shares of the basic materials company’s stock worth $957,000 after acquiring an additional 154 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Linde by 30,250.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 5,463 shares of the basic materials company’s stock worth $2,397,000 after acquiring an additional 5,445 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.8 %

LIN stock opened at $436.00 on Monday. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The business’s 50 day simple moving average is $436.85 and its 200 day simple moving average is $452.97. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $207.61 billion, a PE ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm 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%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.63 earnings per share. As a group, research analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.28%. Linde’s dividend payout ratio (DPR) is currently 42.22%.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased 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 approximately $102,832.22. This trade represents a 75.19 % increase 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 2,218 shares of Linde stock in a transaction that occurred 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 of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LIN shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Mizuho raised their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. 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. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average target price of $495.75.

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.