Mission Wealth Management LP Grows Stock Holdings in Linde plc (NASDAQ:LIN)

Mission Wealth Management LP boosted its holdings in Linde plc (NASDAQ:LIN) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,444 shares of the basic materials company’s stock after buying an additional 127 shares during the period. Mission Wealth Management LP’s holdings in Linde were worth $1,023,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wrapmanager Inc. grew its position in shares of Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after purchasing an additional 22 shares in the last quarter. Concord Asset Management LLC VA boosted its stake in Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after purchasing an additional 23 shares during the period. Fourpath Capital Management LLC raised its position in shares of Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after buying an additional 24 shares during the last quarter. Romano Brothers AND Company raised its position in shares of Linde by 1.3% during the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock valued at $841,000 after buying an additional 25 shares during the last quarter. Finally, MCF Advisors LLC lifted its holdings in shares of Linde by 17.9% in the fourth quarter. MCF Advisors LLC now owns 165 shares of the basic materials company’s stock worth $69,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of several research analyst reports. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity at Linde

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of Linde 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 sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have sold 14,377 shares of company stock worth $6,567,231. Insiders own 0.60% of the company’s stock.

Linde Trading Down 0.2 %

Shares of LIN stock opened at $461.35 on Wednesday. The company has a market cap of $218.18 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The stock’s 50 day simple moving average is $442.19 and its two-hundred day simple moving average is $455.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

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

Linde Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, March 13th. This is a boost from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s payout ratio is currently 44.09%.

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.