Rise Advisors LLC Raises Stock Holdings in Linde plc (NASDAQ:LIN)

Rise Advisors LLC raised its position in shares of Linde plc (NASDAQ:LIN) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 310 shares of the basic materials company’s stock after buying an additional 70 shares during the period. Rise Advisors LLC’s holdings in Linde were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kozak & Associates Inc. purchased a new position in shares of Linde in the third quarter valued at approximately $34,000. Global Wealth Strategies & Associates boosted its position in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Linde in the third quarter worth $43,000. Hazlett Burt & Watson Inc. increased its position in shares of Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 56 shares during the period. Finally, Voisard Asset Management Group Inc. raised its stake in shares of Linde by 1,733.3% in the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 104 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

LIN traded up $2.61 during trading on Tuesday, hitting $415.52. The stock had a trading volume of 1,048,532 shares, compared to its average volume of 1,941,504. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $197.85 billion, a P/E ratio of 31.55, a PEG ratio of 2.79 and a beta of 0.94. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company’s 50-day moving average price is $443.81 and its 200 day moving average price is $453.98.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.63 earnings per share. On average, equities research analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LIN shares. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

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.