Linde plc (NASDAQ:LIN) Shares Purchased by Channel Wealth LLC

Channel Wealth LLC boosted its stake in Linde plc (NASDAQ:LIN) by 30.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,385 shares of the basic materials company’s stock after acquiring an additional 1,723 shares during the period. Channel Wealth LLC’s holdings in Linde were worth $3,092,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in 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 purchasing an additional 46,843 shares during the last quarter. M&T Bank Corp increased its stake in Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares during the last quarter. Townsquare Capital LLC increased its stake in Linde by 16.8% during the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after purchasing an additional 1,383 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Waverton Investment Management Ltd increased its stake in Linde by 0.9% during the third quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock valued at $93,457,000 after purchasing an additional 1,811 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LIN shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price objective for the company from $480.00 to $515.00 in a research note on Monday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $495.75.

Linde Stock Performance

NASDAQ:LIN opened at $432.49 on Friday. The company has a 50-day moving average of $437.98 and a 200-day moving average of $452.91. The firm has a market cap of $205.93 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $3.63 earnings per share. Analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.22%.

Insider Activity at Linde

In related news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by 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.