Accelerate Investment Advisors LLC Purchases 317 Shares of Linde plc (NASDAQ:LIN)

Accelerate Investment Advisors LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 34.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,239 shares of the basic materials company’s stock after buying an additional 317 shares during the period. Accelerate Investment Advisors LLC’s holdings in Linde were worth $519,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in Linde by 3.5% in the 2nd quarter. GHP Investment Advisors Inc. now owns 1,061 shares of the basic materials company’s stock valued at $466,000 after purchasing an additional 36 shares during the period. Federated Hermes Inc. boosted its holdings in Linde by 7.2% in the 2nd quarter. Federated Hermes Inc. now owns 71,549 shares of the basic materials company’s stock valued at $31,396,000 after purchasing an additional 4,805 shares during the period. HBK Sorce Advisory LLC boosted its holdings in Linde by 12.5% in the 2nd quarter. HBK Sorce Advisory LLC now owns 1,569 shares of the basic materials company’s stock valued at $688,000 after purchasing an additional 174 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Linde by 4.5% during the 2nd quarter. Parallel Advisors LLC now owns 5,849 shares of the basic materials company’s stock worth $2,566,000 after acquiring an additional 254 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Linde by 2.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 725,445 shares of the basic materials company’s stock valued at $318,332,000 after acquiring an additional 20,060 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at $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. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus target price of $495.75.

Linde Trading Up 1.8 %

NASDAQ LIN traded up $7.38 during trading on Monday, reaching $421.53. 1,029,037 shares of the stock traded hands, compared to its average volume of 2,260,305. The firm has a market cap of $200.71 billion, a price-to-earnings ratio of 32.01, 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%.

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.