Addison Advisors LLC Has $34,000 Holdings in Linde plc (NASDAQ:LIN)

Addison Advisors LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 310.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82 shares of the basic materials company’s stock after acquiring an additional 62 shares during the quarter. Addison Advisors LLC’s holdings in Linde were worth $34,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LIN. Carmel Capital Partners LLC acquired a new position in Linde in the 3rd quarter valued at approximately $26,000. Annapolis Financial Services LLC increased its stake in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after buying an additional 38 shares during the period. Provence Wealth Management Group acquired a new position in Linde in the 3rd quarter valued at approximately $29,000. Ritter Daniher Financial Advisory LLC DE increased its stake in Linde by 42.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock valued at $48,000 after buying an additional 38 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in Linde in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN traded down $0.65 during midday trading on Friday, reaching $443.18. 1,583,773 shares of the company’s stock were exchanged, compared to its average volume of 1,507,545. The company’s 50 day simple moving average is $456.06 and its two-hundred day simple moving average is $421.04. The firm has a market capitalization of $213.43 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 2.89 and a beta of 0.93. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80.

Linde (NASDAQ:LIN) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $3.16 EPS. Equities research analysts expect that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio (DPR) is 44.13%.

Insider Activity

In other news, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,248 shares of company stock valued at $35,811,988. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LIN. Wells Fargo & Company increased their price target on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Mizuho upgraded shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 price target on the stock in a research note on Thursday, April 18th. Stifel Nicolaus lowered shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a research note on Monday, January 22nd. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and increased their price target for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Finally, Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and a consensus price target of $456.79.

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.