Seven Mile Advisory Has $317,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Seven Mile Advisory lessened its stake in shares of Linde plc (NASDAQ:LIN) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 757 shares of the basic materials company’s stock after selling 72 shares during the period. Seven Mile Advisory’s holdings in Linde were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after acquiring an additional 154,792 shares in the last quarter. Norges Bank purchased a new stake in shares of Linde in the fourth quarter valued at $2,901,853,000. Charles Schwab Investment Management Inc. boosted its position in shares of Linde by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,105,290 shares of the basic materials company’s stock worth $1,300,092,000 after buying an additional 89,408 shares during the period. Nordea Investment Management AB grew its holdings in shares of Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its stake in Linde by 3.0% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 1,680,279 shares of the basic materials company’s stock worth $703,482,000 after acquiring an additional 49,374 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Down 1.2 %

Linde stock opened at $459.11 on Monday. The business has a 50 day moving average price of $456.09 and a two-hundred day moving average price of $454.14. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The stock has a market cap of $217.12 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, equities analysts forecast that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $1.50 dividend. This is a positive change from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, March 13th. Linde’s dividend payout ratio is currently 44.09%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the completion of the transaction, the vice president now directly owns 1,300 shares of the company’s stock, valued at $610,662. This trade represents a 65.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,159 shares of company stock worth $5,603,843 in the last 90 days. 0.60% of the stock is owned by company insiders.

Linde Company 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.