Mutual Advisors LLC Has $418,000 Stock Position in Linde plc (NASDAQ:LIN)

Mutual Advisors LLC boosted its position in Linde plc (NASDAQ:LIN) by 31.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,017 shares of the basic materials company’s stock after purchasing an additional 246 shares during the period. Mutual Advisors LLC’s holdings in Linde were worth $418,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Premier Path Wealth Partners LLC acquired a new stake in Linde in the 4th quarter valued at about $1,016,000. Patton Fund Management Inc. acquired a new stake in Linde in the 4th quarter valued at about $3,852,000. LS Investment Advisors LLC lifted its position in Linde by 0.3% during the fourth quarter. LS Investment Advisors LLC now owns 20,301 shares of the basic materials company’s stock worth $8,338,000 after acquiring an additional 54 shares during the last quarter. Everhart Financial Group Inc. lifted its position in Linde by 54.5% during the fourth quarter. Everhart Financial Group Inc. now owns 885 shares of the basic materials company’s stock worth $363,000 after acquiring an additional 312 shares during the last quarter. Finally, NatWest Group plc lifted its position in Linde by 7.8% during the fourth quarter. NatWest Group plc now owns 10,398 shares of the basic materials company’s stock worth $4,271,000 after acquiring an additional 752 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In other news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total value of $6,030,344.76. Following the completion of the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total value of $6,030,344.76. Following the completion of the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjiv Lamba sold 8,306 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total transaction of $3,837,704.24. Following the completion of the sale, the chief executive officer now directly owns 56,398 shares of the company’s stock, valued at $26,058,131.92. The disclosure for this sale can be found here. Insiders sold 78,248 shares of company stock valued at $35,811,988 in the last quarter. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Linde from $470.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Mizuho raised their target price on shares of Linde from $503.00 to $510.00 and gave the stock a “neutral” rating in a report on Tuesday. Stifel Nicolaus cut shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 target price on the stock. in a report on Monday, January 22nd. Wolfe Research started coverage on shares of Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $482.00 to $510.00 in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $448.93.

Linde Trading Down 0.4 %

LIN opened at $464.32 on Friday. The company has a market cap of $223.61 billion, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 3.05 and a beta of 0.93. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $437.90 and a two-hundred day moving average price of $409.61. Linde plc has a 1-year low of $348.38 and a 1-year high of $477.71.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. Linde’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.16 EPS. Analysts predict that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $1.39 per share. The ex-dividend date was Wednesday, March 13th. This represents a $5.56 annualized dividend and a yield of 1.20%. This is a boost from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio is presently 44.13%.

About Linde

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.