J.W. Cole Advisors Inc. Has $518,000 Holdings in Linde plc (NASDAQ:LIN)

J.W. Cole Advisors Inc. lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 22.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,262 shares of the basic materials company’s stock after purchasing an additional 235 shares during the period. J.W. Cole Advisors Inc.’s holdings in Linde were worth $518,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Clear Harbor Asset Management LLC raised its position in shares of Linde by 1.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after buying an additional 25 shares during the last quarter. Claro Advisors LLC raised its position in shares of Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after buying an additional 25 shares during the last quarter. Fort Point Capital Partners LLC raised its position in shares of Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after buying an additional 26 shares during the last quarter. Seven Mile Advisory raised its position in shares of Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after buying an additional 26 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. raised its position in shares of Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of several recent analyst reports. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. TD Cowen boosted their price target on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Wolfe Research initiated coverage on shares of Linde in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Seaport Res Ptn cut shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Wells Fargo & Company boosted their price target on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $456.79.

Linde Trading Down 0.4 %

NASDAQ LIN opened at $445.06 on Wednesday. The company’s 50-day moving average price is $455.01 and its 200-day moving average price is $419.93. 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 stock has a market cap of $214.33 billion, a PE ratio of 35.32, a PEG ratio of 2.92 and a beta of 0.93. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71.

Linde (NASDAQ:LIN) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the prior year, the business earned $3.16 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that Linde plc will post 15.58 earnings per share for the current 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. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. 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 is presently 44.13%.

Insider Buying and Selling at Linde

In other Linde news, VP Sean Durbin sold 5,277 shares of the stock in a transaction dated 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 $3,809,695.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Oliver Pfann sold 300 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,248 shares of company stock valued at $35,811,988. 0.70% of the stock is currently owned by insiders.

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.