Householder Group Estate & Retirement Specialist LLC Acquires 206 Shares of Linde plc (NASDAQ:LIN)

Householder Group Estate & Retirement Specialist LLC increased its position in shares of Linde plc (NASDAQ:LINFree Report) by 160.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 334 shares of the basic materials company’s stock after acquiring an additional 206 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Linde were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Webster Bank N. A. increased its holdings in Linde by 11.1% during the 4th quarter. Webster Bank N. A. now owns 1,000 shares of the basic materials company’s stock worth $411,000 after acquiring an additional 100 shares during the period. Iowa State Bank grew its stake in Linde by 0.9% in the 4th quarter. Iowa State Bank now owns 5,909 shares of the basic materials company’s stock worth $2,427,000 after buying an additional 54 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its stake in Linde by 64.1% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,764 shares of the basic materials company’s stock worth $725,000 after buying an additional 689 shares in the last quarter. TIAA Trust National Association grew its stake in Linde by 3.4% in the 4th quarter. TIAA Trust National Association now owns 35,462 shares of the basic materials company’s stock worth $14,565,000 after buying an additional 1,159 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in Linde by 4.2% in the 4th quarter. State of Michigan Retirement System now owns 139,404 shares of the basic materials company’s stock worth $57,255,000 after buying an additional 5,600 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $462.47 on Thursday. The company has a 50 day moving average price of $443.60 and a 200-day moving average price of $412.23. Linde plc has a 52 week low of $350.60 and a 52 week high of $477.71. The firm has a market capitalization of $222.72 billion, a PE ratio of 36.70, a P/E/G ratio of 3.01 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33.

Linde (NASDAQ:LINGet Free Report) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, beating 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 firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.16 earnings per share. As a group, equities research analysts expect that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

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

Insider Buying and Selling at Linde

In other news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total transaction of $3,837,704.24. Following the completion of the transaction, the chief executive officer now directly owns 56,398 shares in the company, valued at approximately $26,058,131.92. 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 90 days. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LIN shares. Stifel Nicolaus cut 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. Wells Fargo & Company upped 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. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and upped their price objective for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Mizuho raised their price target on shares of Linde from $503.00 to $510.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Finally, Wolfe Research started coverage on shares of Linde in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average target price of $448.93.

Read Our Latest Analysis on LIN

Linde Profile

(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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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