Measured Wealth Private Client Group LLC Buys 103 Shares of Linde plc (NASDAQ:LIN)

Measured Wealth Private Client Group LLC grew its stake in shares of Linde plc (NASDAQ:LIN) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,161 shares of the basic materials company’s stock after buying an additional 103 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Linde were worth $477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Linde during the fourth quarter worth about $203,000. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Linde during the fourth quarter worth about $1,600,000. Harbour Trust & Investment Management Co purchased a new stake in shares of Linde during the fourth quarter worth about $1,480,000. Sumitomo Life Insurance Co. purchased a new stake in shares of Linde during the fourth quarter worth about $2,045,000. Finally, Capricorn Fund Managers Ltd boosted its holdings 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 worth $4,146,000 after purchasing an additional 6,172 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Stock Up 0.9 %

Shares of LIN stock traded up $3.98 during trading hours on Friday, hitting $423.60. 2,657,419 shares of the company’s stock traded hands, compared to its average volume of 1,803,659. The stock’s fifty day simple moving average is $455.47 and its two-hundred day simple moving average is $422.69. Linde plc has a 12-month low of $350.60 and a 12-month high of $477.71. The stock has a market cap of $204.00 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.75 and a beta of 0.94. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.38 billion. During the same period last year, the business earned $3.42 earnings per share. The business’s revenue was down 1.1% on a year-over-year basis. On average, analysts expect that Linde plc will post 15.49 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity at Linde

In related news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction that occurred 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 owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction that occurred 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 owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Oliver Pfann sold 300 shares of the firm’s 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. Insiders sold 78,248 shares of company stock valued at $35,811,988 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LIN shares. TD Cowen increased their target price on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Stifel Nicolaus lowered shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a report on Monday, January 22nd. Mizuho raised their price objective on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday. Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Finally, Wells Fargo & Company raised their price objective on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. 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 $460.15.

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.