Linde plc (NASDAQ:LIN) Holdings Reduced by Claro Advisors LLC

Claro Advisors LLC decreased its position in Linde plc (NASDAQ:LIN) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,336 shares of the basic materials company’s stock after selling 447 shares during the period. Claro Advisors LLC’s holdings in Linde were worth $978,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter valued at approximately $34,000. Global Wealth Strategies & Associates boosted its holdings in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Linde in the third quarter valued at approximately $43,000. Voisard Asset Management Group Inc. boosted its holdings 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. Finally, Beaird Harris Wealth Management LLC boosted its holdings in shares of Linde by 618.8% in the third quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 1.8 %

Linde stock opened at $421.43 on Tuesday. The firm has a market cap of $200.67 billion, a PE ratio of 32.00, a P/E/G ratio of 2.79 and a beta of 0.94. 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’s 50 day moving average price is $439.22 and its two-hundred day moving average price is $453.16. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49.

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

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.32%. Linde’s dividend payout ratio (DPR) is 42.22%.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the 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 transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LIN has been the subject of several recent research reports. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a research note on Monday. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Linde has an average rating of “Moderate Buy” and an average price target of $495.75.

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.