Linde plc (NASDAQ:LIN) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC reduced its stake in shares of Linde plc (NASDAQ:LINFree Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,600 shares of the basic materials company’s stock after selling 741 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Linde were worth $1,926,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LIN. Cottonwood Capital Advisors LLC boosted its holdings in shares of Linde by 17.8% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 700 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 106 shares during the period. Exchange Traded Concepts LLC boosted its stake in Linde by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,291 shares of the basic materials company’s stock worth $2,634,000 after purchasing an additional 735 shares during the period. CX Institutional grew its position in Linde by 10.8% during the 4th quarter. CX Institutional now owns 2,703 shares of the basic materials company’s stock worth $1,132,000 after purchasing an additional 263 shares during the last quarter. Motive Wealth Advisors increased its stake in Linde by 5.7% in the fourth quarter. Motive Wealth Advisors now owns 557 shares of the basic materials company’s stock valued at $233,000 after purchasing an additional 30 shares during the period. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Linde by 2.6% in the fourth quarter. Cornerstone Wealth Management LLC now owns 9,005 shares of the basic materials company’s stock valued at $3,770,000 after buying an additional 232 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LIN shares. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Get Our Latest Report on Linde

Insiders Place Their Bets

In other news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Linde Trading Down 0.4 %

Shares of LIN opened at $439.25 on Friday. The firm’s 50-day moving average is $435.45 and its two-hundred day moving average is $453.05. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $209.15 billion, a P/E ratio of 33.35, a PEG ratio of 2.74 and a beta of 0.94.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued 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 1.27%. Linde’s dividend payout ratio (DPR) is currently 42.22%.

Linde Company 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.

Further Reading

Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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