531 Shares in Linde plc (NASDAQ:LIN) Acquired by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC purchased a new position in Linde plc (NASDAQ:LINFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 531 shares of the basic materials company’s stock, valued at approximately $218,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC grew its position in Linde by 1.8% during the 4th quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 25 shares in the last quarter. Claro Advisors LLC boosted its stake in shares of Linde by 1.1% during the 4th quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after buying an additional 25 shares during the period. Fort Point Capital Partners LLC boosted its stake in shares of Linde by 1.9% during the 3rd quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after buying an additional 26 shares during the period. Seven Mile Advisory boosted its stake in shares of Linde by 4.2% during the 3rd quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after buying an additional 26 shares during the period. Finally, USA Financial Formulas boosted its stake in shares of Linde by 7.0% during the 3rd quarter. USA Financial Formulas now owns 411 shares of the basic materials company’s stock valued at $153,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of research reports. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and lifted their target price for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. TD Cowen lifted their price objective on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Wells Fargo & Company lifted their price objective on shares of Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Stifel Nicolaus lowered shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research note on Monday, January 22nd. Finally, Seaport Res Ptn lowered shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $448.93.

Read Our Latest Stock Analysis on LIN

Insider Activity

In other news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the sale, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock valued at $35,811,988 over the last three months. 0.70% of the stock is owned by insiders.

Linde Price Performance

Shares of NASDAQ LIN traded down $0.79 during mid-day trading on Tuesday, hitting $462.61. 174,768 shares of the stock were exchanged, compared to its average volume of 2,355,188. The company has a market cap of $222.78 billion, a P/E ratio of 36.78, a PEG ratio of 3.03 and a beta of 0.93. The stock’s fifty day simple moving average is $441.31 and its two-hundred day simple moving average is $411.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. Linde plc has a twelve month low of $350.60 and a twelve month high of $477.71.

Linde (NASDAQ:LINGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.10. The company had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $3.16 earnings per share. As a group, analysts forecast that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $1.39 per share. This is a boost from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Wednesday, March 13th. Linde’s dividend payout ratio is 44.13%.

About Linde

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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