Linde plc (NASDAQ:LIN) is Reliant Investment Management LLC’s 9th Largest Position

Reliant Investment Management LLC boosted its stake in shares of Linde plc (NASDAQ:LIN) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,779 shares of the basic materials company’s stock after acquiring an additional 480 shares during the quarter. Linde accounts for about 3.3% of Reliant Investment Management LLC’s investment portfolio, making the stock its 9th largest holding. Reliant Investment Management LLC’s holdings in Linde were worth $7,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Kozak & Associates Inc. purchased a new stake in Linde in the 3rd quarter worth approximately $34,000. Global Wealth Strategies & Associates lifted its holdings in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Linde in the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new stake in Linde in the 3rd quarter worth approximately $43,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in Linde by 1,733.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock worth $53,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LIN. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $495.75.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Stock Up 0.8 %

LIN stock opened at $436.00 on Tuesday. The business has a 50 day moving average of $436.85 and a 200 day moving average of $453.12. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The firm has a market cap of $207.61 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.70 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the business posted $3.63 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Linde plc will post 15.45 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.28%. Linde’s dividend payout ratio is 42.22%.

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.