Naviter Wealth LLC Has $2.40 Million Holdings in Linde plc (NASDAQ:LIN)

Naviter Wealth LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 19.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,854 shares of the basic materials company’s stock after acquiring an additional 940 shares during the period. Naviter Wealth LLC’s holdings in Linde were worth $2,404,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Annapolis Financial Services LLC grew its position 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 purchasing an additional 38 shares during the period. Carmel Capital Partners LLC purchased a new position in Linde during the 3rd quarter worth $26,000. Provence Wealth Management Group purchased a new stake in shares of Linde in the third quarter valued at about $29,000. Addison Advisors LLC boosted its holdings in Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 62 shares during the last quarter. Finally, 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 last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Matthew J. White sold 51,231 shares of Linde stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $455.84, for a total value of $23,353,139.04. Following the completion of the sale, the chief financial officer now directly owns 57,634 shares in the company, valued at $26,271,882.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Linde news, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew J. White sold 51,231 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the sale, the chief financial officer now directly owns 57,634 shares of the company’s stock, valued at approximately $26,271,882.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LIN. Mizuho raised Linde from a “neutral” rating to a “buy” rating and set a $510.00 target price for the company in a research report on Thursday, April 18th. Stifel Nicolaus lowered shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective on the stock. in a research report on Monday, January 22nd. Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. TD Cowen upped their price target on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company upped their price objective on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $460.00.

Linde Stock Up 0.0 %

Shares of LIN traded up $0.22 during trading hours on Monday, hitting $443.40. The company had a trading volume of 468,838 shares, compared to its average volume of 2,187,848. Linde plc has a 52-week low of $350.60 and a 52-week high of $477.71. The firm has a fifty day moving average price of $456.06 and a 200-day moving average price of $421.34. The stock has a market capitalization of $213.53 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.89 and a beta of 0.93. 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 issued its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the firm posted $3.16 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.39 per share. This is an increase from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 13th. Linde’s dividend payout ratio is presently 44.13%.

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.