AXS Investments LLC Has $357,000 Stock Position in Linde plc (NASDAQ:LIN)

AXS Investments LLC lessened its holdings in Linde plc (NASDAQ:LIN) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 869 shares of the basic materials company’s stock after selling 71 shares during the quarter. AXS Investments LLC’s holdings in Linde were worth $357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Provence Wealth Management Group bought a new position in Linde in the 3rd quarter valued at approximately $29,000. Addison Advisors LLC increased its holdings in shares of Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after buying an additional 62 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Linde by 347.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 73 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Linde by 42.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 38 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Linde during the 4th quarter valued at $53,000. Institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, CFO Matthew J. White sold 51,231 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $455.84, for a total value of $23,353,139.04. Following the transaction, the chief financial officer now directly owns 57,634 shares of the company’s stock, valued at approximately $26,271,882.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Linde news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the completion of the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew J. White sold 51,231 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $455.84, for a total value of $23,353,139.04. Following the completion of the sale, the chief financial officer now owns 57,634 shares in the company, valued at $26,271,882.56. The disclosure for this sale can be found here. Insiders sold a total of 77,948 shares of company stock valued at $35,687,605 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LIN. Citigroup cut Linde from a “buy” rating to a “neutral” rating and upped their target price for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. UBS Group downgraded 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. Wells Fargo & Company lifted their target price on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Wolfe Research started coverage on shares of Linde in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, Mizuho raised their price target on shares of Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. 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 currently has an average rating of “Moderate Buy” and an average target price of $468.83.

Linde Trading Up 0.8 %

NASDAQ:LIN opened at $435.57 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. The firm’s fifty day moving average is $446.95 and its 200-day moving average is $428.72. Linde plc has a 52 week low of $350.60 and a 52 week high of $477.71. The firm has a market cap of $209.37 billion, a P/E ratio of 33.79, a P/E/G ratio of 2.73 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.38 billion. During the same quarter last year, the business posted $3.42 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts expect that Linde plc will post 15.5 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

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.