Imprint Wealth LLC Grows Holdings in Linde plc (NASDAQ:LIN)

Imprint Wealth LLC increased its stake in Linde plc (NASDAQ:LIN) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,129 shares of the basic materials company’s stock after buying an additional 57 shares during the period. Imprint Wealth LLC’s holdings in Linde were worth $874,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LIN. TradeLink Capital LLC acquired a new stake in shares of Linde during the 1st quarter valued at approximately $2,523,000. Moors & Cabot Inc. increased its stake in Linde by 36.4% during the first quarter. Moors & Cabot Inc. now owns 1,773 shares of the basic materials company’s stock valued at $566,000 after purchasing an additional 473 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Linde by 25.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,996 shares of the basic materials company’s stock worth $957,000 after purchasing an additional 607 shares during the period. Zions Bancorporation N.A. lifted its position in shares of Linde by 15.3% in the 1st quarter. Zions Bancorporation N.A. now owns 2,380 shares of the basic materials company’s stock worth $760,000 after buying an additional 316 shares during the last quarter. Finally, Ergoteles LLC acquired a new position in shares of Linde in the 1st quarter valued at about $6,682,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIN has been the topic of a number of recent research reports. Mizuho raised their target price on Linde from $503.00 to $510.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and upped their target price for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Wolfe Research assumed coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a report on Monday, January 22nd. Finally, TD Cowen raised their target price on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $456.79.

Linde Stock Up 0.0 %

LIN traded up $0.17 on Tuesday, reaching $444.92. 430,148 shares of the company traded hands, compared to its average volume of 2,271,539. The company has a market cap of $214.26 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67. The stock’s 50 day moving average price is $451.50 and its 200-day moving average price is $416.84. Linde plc has a 52-week low of $350.60 and a 52-week high of $477.71.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts expect that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $1.39 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Linde’s previous quarterly dividend of $0.88. Linde’s payout ratio is currently 44.13%.

Insider Transactions at Linde

In other Linde news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Juergen Nowicki sold 13,134 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sean Durbin sold 5,277 shares of the stock in a transaction on 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 completion of the sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is owned by corporate 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.