Mitchell Capital Management Co. Sells 77 Shares of Linde plc (NASDAQ:LIN)

Mitchell Capital Management Co. decreased its position in Linde plc (NASDAQ:LIN) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,480 shares of the basic materials company’s stock after selling 77 shares during the period. Mitchell Capital Management Co.’s holdings in Linde were worth $2,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in shares of Linde in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates grew its holdings in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Linde in the 4th quarter valued at $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde in the 3rd quarter valued at $43,000. Finally, Kozak & Associates Inc. lifted its position in Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 1.5 %

NASDAQ LIN opened at $467.05 on Friday. The company has a market cap of $222.39 billion, a PE ratio of 34.32, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 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 50 day moving average of $440.68 and a 200-day moving average of $454.96.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, March 13th. This is a boost from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio is 44.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Activity at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 16,285 shares of company stock worth $7,423,986. Company 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.