Lindbrook Capital LLC Has $1.11 Million Holdings in Linde plc (NASDAQ:LIN)

Lindbrook Capital LLC lessened its holdings in Linde plc (NASDAQ:LIN) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,646 shares of the basic materials company’s stock after selling 80 shares during the period. Lindbrook Capital LLC’s holdings in Linde were worth $1,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in Linde in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates grew its position in shares of Linde by 144.8% during the 4th 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 during the period. Retirement Wealth Solutions LLC bought a new position in shares of Linde during the 4th quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new position in shares of Linde during the 3rd quarter valued at approximately $43,000. Finally, Kozak & Associates Inc. grew its position in shares of Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 1.5 %

LIN opened at $468.25 on Thursday. The company has a 50 day moving average of $443.04 and a 200 day moving average of $455.16. The company has a market cap of $221.44 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, sell-side analysts expect that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $1.50 dividend. 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 annualized dividend and a yield of 1.28%. Linde’s dividend payout ratio is currently 44.09%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. 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 report on Monday, January 13th. Finally, Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insiders Place Their Bets

In related news, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the sale, the vice president now owns 1,300 shares in the company, valued at approximately $610,662. This trade represents a 65.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,377 shares of company stock worth $6,567,231 in the last three months. 0.60% of the stock is currently owned by corporate insiders.

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.