Linde plc (NASDAQ:LIN) Shares Bought by Synergy Asset Management LLC

Synergy Asset Management LLC grew its holdings in Linde plc (NASDAQ:LINFree Report) by 37.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,285 shares of the basic materials company’s stock after purchasing an additional 1,427 shares during the quarter. Synergy Asset Management LLC’s holdings in Linde were worth $2,171,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Stifel Financial Corp grew its position in shares of Linde by 0.9% in the second quarter. Stifel Financial Corp now owns 1,692,463 shares of the basic materials company’s stock valued at $644,986,000 after purchasing an additional 14,969 shares during the last quarter. Point72 Europe London LLP acquired a new stake in shares of Linde in the second quarter valued at approximately $23,044,000. Handelsinvest Investeringsforvaltning purchased a new position in shares of Linde during the fourth quarter valued at approximately $1,600,000. Capricorn Fund Managers Ltd lifted its stake in shares of Linde by 156.3% during the fourth quarter. Capricorn Fund Managers Ltd now owns 10,121 shares of the basic materials company’s stock valued at $4,146,000 after buying an additional 6,172 shares during the period. Finally, BKM Wealth Management LLC purchased a new position in shares of Linde during the fourth quarter valued at approximately $1,679,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on LIN shares. Wells Fargo & Company upped their price objective on shares of Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. UBS Group downgraded shares of Linde from a “buy” rating to a “neutral” rating and upped their price objective for the company from $482.00 to $510.00 in a research note on Wednesday. Seaport Res Ptn downgraded shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Mizuho increased their price target on shares of Linde from $503.00 to $510.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th. Finally, Stifel Nicolaus downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a research note on Monday, January 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $448.93.

View Our Latest Analysis on LIN

Linde Price Performance

Linde stock opened at $464.32 on Friday. Linde plc has a 52-week low of $348.38 and a 52-week high of $477.71. The firm has a fifty day moving average of $440.17 and a 200-day moving average of $410.51. The firm has a market capitalization of $223.61 billion, a P/E ratio of 36.85, a PEG ratio of 3.03 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33.

Linde (NASDAQ:LINGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The company had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the prior year, the business earned $3.16 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

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

Insider Activity at Linde

In related news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction 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 document filed with the SEC, which is available through the SEC website. Also, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The disclosure for this sale can be found here. In the last three months, insiders sold 78,248 shares of company stock valued at $35,811,988. Corporate insiders own 0.70% of the company’s stock.

Linde Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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