Summitry LLC Purchases 82 Shares of Linde plc (NASDAQ:LIN)

Summitry LLC raised its position in shares of Linde plc (NASDAQ:LIN) by 11.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 777 shares of the basic materials company’s stock after buying an additional 82 shares during the period. Summitry LLC’s holdings in Linde were worth $325,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC purchased a new position in shares of Linde in the third quarter worth about $252,000. Larson Financial Group LLC raised its position in Linde by 212.0% during the 3rd quarter. Larson Financial Group LLC now owns 986 shares of the basic materials company’s stock worth $470,000 after buying an additional 670 shares during the last quarter. Hancock Whitney Corp raised its position in Linde by 12.7% during the 3rd quarter. Hancock Whitney Corp now owns 2,457 shares of the basic materials company’s stock worth $1,172,000 after buying an additional 277 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its stake in Linde by 68.5% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 2,460 shares of the basic materials company’s stock valued at $1,173,000 after acquiring an additional 1,000 shares during the period. Finally, Associated Banc Corp purchased a new stake in shares of Linde in the 3rd quarter valued at $202,000. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP David P. Strauss sold 2,477 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 1,300 shares in the company, valued at $610,662. This trade represents a 65.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,159 shares of company stock worth $5,603,843. 0.60% of the stock is owned by corporate insiders.

Linde Trading Down 0.4 %

Shares of LIN stock opened at $457.45 on Wednesday. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The stock’s fifty day moving average is $454.32 and its two-hundred day moving average is $454.19. The firm has a market capitalization of $216.33 billion, a P/E ratio of 33.61, a PEG ratio of 3.08 and a beta of 0.94.

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

Linde Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, March 13th. This is a boost from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is currently 44.09%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LIN shares. Citigroup decreased their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

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.