Linde plc (NASDAQ:LIN) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its position in Linde plc (NASDAQ:LIN) by 38.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,923 shares of the basic materials company’s stock after purchasing an additional 2,190 shares during the period. OneDigital Investment Advisors LLC’s holdings in Linde were worth $3,317,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LIN. Helios Capital Management PTE. Ltd. grew its stake in Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after buying an additional 1,150 shares during the period. Channel Wealth LLC lifted its holdings in shares of Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after acquiring an additional 1,723 shares in the last quarter. Nordea Investment Management AB boosted its position in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the period. Treasurer of the State of North Carolina increased its holdings in Linde by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company’s stock valued at $88,505,000 after purchasing an additional 1,320 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in Linde in the fourth quarter valued at about $625,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LIN shares. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Argus raised shares of Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $498.00.

Insiders Place Their Bets

In related news, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 14,765 shares in the company, valued at $6,786,289.30. This represents a 31.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,159 shares of company stock valued at $5,603,843. Company insiders own 0.60% of the company’s stock.

Linde Trading Up 2.4 %

LIN opened at $454.61 on Wednesday. The stock has a market capitalization of $214.99 billion, a PE ratio of 33.40, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. Linde plc has a 12-month low of $408.65 and a 12-month high of $487.49. The firm’s fifty day moving average price is $455.03 and its 200 day moving average price is $450.77.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping 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%. As a group, research analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $1.50 per share. This is a positive change from Linde’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $6.00 annualized dividend and a yield of 1.32%. Linde’s payout ratio is presently 44.09%.

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.