MONECO Advisors LLC Acquires 110 Shares of Linde plc (NASDAQ:LIN)

MONECO Advisors LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 678 shares of the basic materials company’s stock after acquiring an additional 110 shares during the quarter. MONECO Advisors LLC’s holdings in Linde were worth $279,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in shares of Linde during the 4th quarter worth $203,000. Handelsinvest Investeringsforvaltning bought a new stake in Linde during the fourth quarter worth about $1,600,000. Harbour Trust & Investment Management Co bought a new stake in Linde during the fourth quarter worth about $1,480,000. Sumitomo Life Insurance Co. acquired a new stake in Linde during the fourth quarter worth about $2,045,000. Finally, Capricorn Fund Managers Ltd increased its holdings in Linde by 156.3% in the 4th quarter. Capricorn Fund Managers Ltd now owns 10,121 shares of the basic materials company’s stock valued at $4,146,000 after buying an additional 6,172 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In related news, SVP Oliver Pfann sold 300 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related 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 transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Oliver Pfann sold 300 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock valued at $35,811,988 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of LIN opened at $442.62 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average is $456.50 and its 200 day moving average is $422.40. The stock has a market cap of $213.16 billion, a P/E ratio of 35.13, a P/E/G ratio of 2.88 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:LIN) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.49 by $0.10. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $3.16 EPS. Sell-side analysts anticipate that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $1.39 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. Linde’s dividend payout ratio is 44.13%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and lifted their price target for the company from $475.00 to $500.00 in a report on Wednesday, April 10th. TD Cowen increased their price objective on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Seaport Res Ptn cut shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Wolfe Research started coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.00.

About Linde

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.