KLR Investment Advisors LLC Sells 70 Shares of Linde plc (NASDAQ:LIN)

KLR Investment Advisors LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 780 shares of the basic materials company’s stock after selling 70 shares during the quarter. KLR Investment Advisors LLC’s holdings in Linde were worth $320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Provence Wealth Management Group boosted its holdings in shares of Linde by 655.7% during the fourth quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock worth $245,000 after acquiring an additional 518 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in Linde during the 4th quarter worth $203,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Linde during the fourth quarter worth $1,600,000. Harbour Trust & Investment Management Co acquired a new position in shares of Linde in the fourth quarter valued at about $1,480,000. Finally, McKinley Carter Wealth Services Inc. increased its position in Linde by 17.9% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 16,157 shares of the basic materials company’s stock worth $6,636,000 after acquiring an additional 2,448 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Up 0.5 %

Shares of NASDAQ LIN traded up $2.00 during trading on Friday, reaching $431.69. The company had a trading volume of 159,734 shares, compared to its average volume of 2,144,359. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. The stock has a market cap of $207.50 billion, a P/E ratio of 33.34, a PEG ratio of 2.85 and a beta of 0.94. The company’s fifty day moving average price is $451.30 and its 200-day moving average price is $426.51.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.42 EPS. As a group, research analysts expect that Linde plc will post 15.5 earnings per share for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent research reports. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and raised their target price for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. TD Cowen raised their target price on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a report on Friday, February 16th. 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 report on Monday, January 22nd. BMO Capital Markets cut their target price on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Finally, HSBC decreased their price target on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $468.83.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now directly owns 8,151 shares in the company, valued at $3,809,695.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the transaction, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjiv Lamba sold 8,306 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $462.04, for a total transaction of $3,837,704.24. Following the transaction, the chief executive officer now owns 56,398 shares in the company, valued at approximately $26,058,131.92. The disclosure for this sale can be found here. Insiders have sold 77,948 shares of company stock worth $35,687,605 in the last quarter. Company insiders own 0.70% 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.