Kathmere Capital Management LLC Purchases 47 Shares of Linde plc (NASDAQ:LIN)

Kathmere Capital Management LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,363 shares of the basic materials company’s stock after acquiring an additional 47 shares during the quarter. Kathmere Capital Management LLC’s holdings in Linde were worth $571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB grew its holdings in Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the last quarter. M&T Bank Corp boosted its position in shares of Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after purchasing an additional 5,021 shares in the last quarter. Townsquare Capital LLC grew its stake in Linde by 16.8% during the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after buying an additional 1,383 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Linde by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after buying an additional 2,312 shares in the last quarter. Finally, Waverton Investment Management Ltd raised its stake in Linde by 0.9% in the third quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock valued at $93,457,000 after buying an additional 1,811 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LIN. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their price objective 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 upped their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $495.75.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $427.98 on Thursday. The stock has a market capitalization of $203.79 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.79 and a beta of 0.94. The stock has a 50-day moving average of $438.67 and a 200 day moving average of $453.08. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the company posted $3.63 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Sell-side analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s dividend payout ratio is currently 42.22%.

Linde 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.