Linde plc (NASDAQ:LIN) Shares Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 2.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,730 shares of the basic materials company’s stock after acquiring an additional 46 shares during the period. Resonant Capital Advisors LLC’s holdings in Linde were worth $711,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LIN. Carmel Capital Partners LLC acquired a new stake in shares of Linde during the 3rd quarter valued at about $26,000. Annapolis Financial Services LLC lifted its stake in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after buying an additional 38 shares in the last quarter. Provence Wealth Management Group purchased a new position in Linde in the 3rd quarter valued at about $29,000. FWL Investment Management LLC purchased a new position in Linde in the 4th quarter valued at about $30,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Linde in the 4th quarter valued at about $36,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,248 shares of company stock valued at $35,811,988. 0.70% of the stock is currently owned by company insiders.

Linde Stock Down 0.0 %

LIN stock opened at $446.30 on Friday. The firm has a market cap of $214.93 billion, a PE ratio of 35.42, a PEG ratio of 2.91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. The firm’s 50 day moving average price is $453.89 and its 200-day moving average price is $418.29. Linde plc has a one year low of $350.60 and a one year high of $477.71.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.49 by $0.10. The firm had revenue of $8.30 billion for 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 business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.16 EPS. On average, equities research analysts anticipate that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Wednesday, March 13th. This is a positive change from Linde’s previous quarterly dividend of $0.88. Linde’s payout ratio is presently 44.13%.

Analysts Set New Price Targets

LIN has been the topic of a number of research reports. Seaport Res Ptn lowered shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and raised their price target for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Wells Fargo & Company raised their price target on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Mizuho raised shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 price target on the stock in a research note on Thursday. Finally, Stifel Nicolaus lowered shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 target price on the stock. in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $456.79.

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.