Fulcrum Capital LLC Purchases 271 Shares of Linde plc (NASDAQ:LIN)

Fulcrum Capital LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,035 shares of the basic materials company’s stock after purchasing an additional 271 shares during the period. Linde comprises about 1.2% of Fulcrum Capital LLC’s investment portfolio, making the stock its 29th biggest position. Fulcrum Capital LLC’s holdings in Linde were worth $5,876,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LIN. Global Wealth Strategies & Associates raised its stake 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 worth $30,000 after acquiring an additional 42 shares during the last quarter. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter worth about $34,000. Capital Performance Advisors LLP bought a new position in shares of Linde in the third quarter worth about $43,000. 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 worth $53,000 after acquiring an additional 104 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its stake 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 worth $55,000 after acquiring an additional 99 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Activity

In other news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on LIN shares. Citigroup dropped their target price 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their price target for the stock from $480.00 to $515.00 in a research note on Monday. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $495.75.

Linde Trading Up 1.9 %

NASDAQ LIN traded up $7.69 during trading on Monday, reaching $421.84. 1,206,344 shares of the stock traded hands, compared to its average volume of 2,279,341. The firm has a market cap of $200.86 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. The stock’s 50-day moving average price is $439.96 and its 200 day moving average price is $453.30. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49.

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

Linde Dividend Announcement

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

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.