2,744 Shares in Linde plc (NASDAQ:LIN) Bought by RD Lewis Holdings Inc.

RD Lewis Holdings Inc. bought a new position in Linde plc (NASDAQ:LIN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,744 shares of the basic materials company’s stock, valued at approximately $1,249,000. Linde accounts for about 1.4% of RD Lewis Holdings Inc.’s portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. Synergy Asset Management LLC acquired a new position in Linde in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. increased its stake in Linde by 1,160.0% in the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Linde during the fourth quarter worth $28,000. Global Wealth Strategies & Associates boosted its holdings in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Linde during the fourth quarter worth $34,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.1 %

Linde stock opened at $460.31 on Tuesday. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a market cap of $217.69 billion, a P/E ratio of 33.82, a P/E/G ratio of 3.08 and a beta of 0.94. The business has a 50-day simple moving average of $449.61 and a two-hundred day simple moving average of $454.70.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Analysts predict that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a yield of 1.30%. This is an increase from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is presently 44.09%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LIN. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup lowered their price target 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. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 2,477 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the sale, the vice president now owns 1,300 shares of the company’s stock, valued at approximately $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the sale, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock valued at $5,603,843 over the last quarter. 0.60% of the stock is owned by corporate insiders.

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.