Nemes Rush Group LLC Has $67,000 Holdings in Linde plc (NASDAQ:LIN)

Nemes Rush Group LLC grew its stake in Linde plc (NASDAQ:LIN) by 436.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161 shares of the basic materials company’s stock after purchasing an additional 131 shares during the period. Nemes Rush Group LLC’s holdings in Linde were worth $67,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. Norges Bank bought a new position in Linde during the fourth quarter valued at about $2,901,853,000. Proficio Capital Partners LLC grew its holdings in shares of Linde by 56,467.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,097,982 shares of the basic materials company’s stock worth $459,692,000 after purchasing an additional 1,096,041 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Linde by 2,293.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after purchasing an additional 749,763 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Linde in the fourth quarter valued at $308,251,000. Finally, Caisse Des Depots ET Consignations bought a new position in Linde in the fourth quarter worth $306,585,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.6 %

Shares of LIN opened at $469.74 on Thursday. The stock has a fifty day moving average price of $457.72 and a two-hundred day moving average price of $454.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The company has a market cap of $222.15 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49.

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

Linde Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is currently 44.09%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LIN shares. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Buying and Selling

In other news, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This represents a 31.48 % 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 quarter. Insiders own 0.60% of the company’s stock.

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.