860 Shares in Linde plc (NASDAQ:LIN) Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC acquired a new position in shares of Linde plc (NASDAQ:LIN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 860 shares of the basic materials company’s stock, valued at approximately $353,000.

Other institutional investors also recently bought and sold shares of the company. TFG Advisers LLC boosted its holdings in Linde by 14.5% during the third quarter. TFG Advisers LLC now owns 3,467 shares of the basic materials company’s stock valued at $1,291,000 after purchasing an additional 440 shares in the last quarter. Merrion Investment Management Co LLC bought a new position in shares of Linde in the third quarter valued at approximately $230,000. Trust Co. of Toledo NA OH bought a new position in shares of Linde in the third quarter valued at approximately $367,000. Country Club Bank GFN raised its stake in shares of Linde by 1.1% in the third quarter. Country Club Bank GFN now owns 3,423 shares of the basic materials company’s stock valued at $1,278,000 after acquiring an additional 38 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Linde by 3.1% in the third quarter. Valeo Financial Advisors LLC now owns 3,874 shares of the basic materials company’s stock valued at $1,443,000 after acquiring an additional 118 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Down 0.1 %

Shares of NASDAQ LIN traded down $0.65 during mid-day trading on Friday, reaching $443.18. 1,583,773 shares of the company’s stock traded hands, compared to its average volume of 1,507,545. The stock has a market cap of $213.43 billion, a P/E ratio of 35.17, a PEG ratio of 2.90 and a beta of 0.93. The business has a 50-day simple moving average of $456.06 and a 200 day simple moving average of $420.75. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 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 business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the previous year, the firm posted $3.16 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, 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 paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Linde’s previous quarterly dividend of $0.88. Linde’s payout ratio is currently 44.13%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LIN. Wells Fargo & Company lifted their target price on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Mizuho upgraded shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 target price for the company in a research note on Thursday, April 18th. TD Cowen boosted their price objective on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Seaport Res Ptn cut shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $456.79.

Insider Activity

In other Linde news, SVP Oliver Pfann sold 300 shares of the stock in a transaction on Thursday, February 8th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Sean Durbin sold 5,277 shares of the 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 sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,248 shares of company stock valued at $35,811,988. Corporate insiders own 0.70% of the company’s stock.

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.