Mitchell Capital Management Co. Has $2.29 Million Stock Position in Linde plc (NASDAQ:LIN)

Mitchell Capital Management Co. lowered its holdings in Linde plc (NASDAQ:LIN) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,480 shares of the basic materials company’s stock after selling 77 shares during the quarter. Mitchell Capital Management Co.’s holdings in Linde were worth $2,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Onefund LLC grew its holdings in shares of Linde by 3.7% during the 4th quarter. Onefund LLC now owns 1,310 shares of the basic materials company’s stock worth $548,000 after purchasing an additional 47 shares in the last quarter. Nichols & Pratt Advisers LLP MA grew its holdings in shares of Linde by 0.4% during the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 57,794 shares of the basic materials company’s stock worth $24,197,000 after purchasing an additional 252 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Linde by 2.0% during the 4th quarter. Metis Global Partners LLC now owns 23,499 shares of the basic materials company’s stock worth $9,838,000 after purchasing an additional 467 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Linde by 5.1% during the 4th quarter. Fisher Asset Management LLC now owns 1,652 shares of the basic materials company’s stock worth $692,000 after purchasing an additional 80 shares in the last quarter. Finally, Noesis Capital Mangement Corp grew its holdings in shares of Linde by 2.9% during the 4th quarter. Noesis Capital Mangement Corp now owns 30,462 shares of the basic materials company’s stock worth $12,754,000 after purchasing an additional 862 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In other news, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the sale, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value 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. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,285 shares of company stock valued at $7,423,986. Company insiders own 0.60% of the company’s stock.

Linde Trading Up 1.5 %

Shares of LIN opened at $467.05 on Friday. The stock has a fifty day moving average price of $440.68 and a two-hundred day moving average price of $454.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a market cap of $222.39 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $1.50 dividend. This is a boost from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 13th. Linde’s dividend payout ratio (DPR) is 44.09%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $501.82.

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.