Eagle Global Advisors LLC Lowers Stock Position in Linde plc (NASDAQ:LIN)

Eagle Global Advisors LLC decreased its holdings in shares of Linde plc (NASDAQ:LINFree Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,822 shares of the basic materials company’s stock after selling 98 shares during the quarter. Eagle Global Advisors LLC’s holdings in Linde were worth $6,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Provence Wealth Management Group acquired a new position in shares of Linde during the 3rd quarter valued at $29,000. Addison Advisors LLC lifted its holdings in Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after buying an additional 62 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in Linde by 347.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after buying an additional 73 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its holdings 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 worth $48,000 after buying an additional 38 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in Linde in the 4th quarter worth $53,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN stock traded up $3.27 during midday trading on Friday, reaching $435.57. 1,157,352 shares of the company were exchanged, compared to its average volume of 2,119,008. The company’s 50 day moving average price is $447.60 and its two-hundred day moving average price is $428.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. The company has a market cap of $209.37 billion, a P/E ratio of 33.93, a PEG ratio of 2.73 and a beta of 0.94. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71.

Linde (NASDAQ:LINGet Free Report) last released its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The business had revenue of $8.10 billion during the quarter, compared to analyst estimates of $8.38 billion. During the same period in the prior year, the business earned $3.42 earnings per share. The business’s quarterly revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts expect that Linde plc will post 15.5 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a $1.39 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.28%. Linde’s dividend payout ratio (DPR) is 43.13%.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction 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 approximately $3,809,695.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Matthew J. White sold 51,231 shares of Linde stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $455.84, for a total transaction 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 approximately $26,271,882.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction dated 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 sale, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The disclosure for this sale can be found here. Insiders sold 77,948 shares of company stock worth $35,687,605 in the last quarter. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Linde in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. BMO Capital Markets dropped their target price on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Wells Fargo & Company boosted their target price on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Finally, Mizuho boosted their price objective on shares of Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $468.83.

Read Our Latest Research Report on LIN

About Linde

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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