Fidelis Capital Partners LLC Has $1.16 Million Stock Position in Linde plc (NASDAQ:LIN)

Fidelis Capital Partners LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 48.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,834 shares of the basic materials company’s stock after purchasing an additional 928 shares during the period. Fidelis Capital Partners LLC’s holdings in Linde were worth $1,164,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Carmel Capital Partners LLC acquired a new stake in Linde in the third quarter valued at approximately $26,000. Annapolis Financial Services LLC lifted its holdings in shares of Linde by 122.6% in the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Provence Wealth Management Group bought a new position in shares of Linde in the third quarter valued at approximately $29,000. FWL Investment Management LLC bought a new position in shares of Linde in the fourth quarter valued at approximately $30,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of Linde in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In related news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 8,151 shares in the company, valued at $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is owned by corporate insiders.

Linde Stock Performance

Shares of NASDAQ LIN traded down $0.36 during mid-day trading on Thursday, hitting $446.43. The company had a trading volume of 1,070,326 shares, compared to its average volume of 2,256,902. The company has a market capitalization of $214.99 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 2.91 and a beta of 0.93. Linde plc has a 1 year low of $350.60 and a 1 year high of $477.71. 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’s 50-day moving average price is $452.70 and its 200-day moving average price is $417.56.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.10. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.16 earnings per share. On average, sell-side analysts forecast that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $1.39 dividend. The ex-dividend date was Wednesday, March 13th. This is a boost from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. Linde’s payout ratio is 44.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LIN shares. Wolfe Research assumed coverage on Linde in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a report on Monday, January 22nd. Wells Fargo & Company lifted their price target on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, TD Cowen raised their target price on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $456.79.

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.