Linde plc (NASDAQ:LIN) Shares Bought by Park Place Capital Corp

Park Place Capital Corp grew its stake in Linde plc (NASDAQ:LIN) by 32.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,206 shares of the basic materials company’s stock after acquiring an additional 536 shares during the period. Park Place Capital Corp’s holdings in Linde were worth $924,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates grew its holdings in Linde by 144.8% during the 4th 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 in the last quarter. Kozak & Associates Inc. acquired a new position in shares of Linde in the 3rd quarter valued at $34,000. Retirement Wealth Solutions LLC acquired a new position in shares of Linde in the 4th quarter valued at $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde in the 3rd quarter valued at $43,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Linde in the 4th quarter valued at $47,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated 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 in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets increased 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $495.75.

Linde Stock Performance

Shares of NASDAQ LIN opened at $443.66 on Wednesday. The firm has a market cap of $211.25 billion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 2.70 and a beta of 0.94. The business’s 50-day simple moving average is $436.18 and its 200-day simple moving average is $453.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.63 EPS. As a group, equities research analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors 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 1.25%. 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.