Measured Wealth Private Client Group LLC Buys 103 Shares of Linde plc (NASDAQ:LIN)

Measured Wealth Private Client Group LLC boosted its stake in shares of Linde plc (NASDAQ:LIN) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,161 shares of the basic materials company’s stock after acquiring an additional 103 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Linde were worth $477,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in Linde during the 4th quarter worth $203,000. Handelsinvest Investeringsforvaltning bought a new position in shares of Linde in the 4th quarter valued at $1,600,000. Harbour Trust & Investment Management Co bought a new position in shares of Linde in the 4th quarter valued at $1,480,000. Sumitomo Life Insurance Co. bought a new position in shares of Linde in the 4th quarter valued at $2,045,000. Finally, Capricorn Fund Managers Ltd increased its stake in shares of 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 purchasing an additional 6,172 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.9 %

LIN traded up $3.98 during midday trading on Friday, hitting $423.60. 2,657,419 shares of the company were exchanged, compared to its average volume of 1,803,659. The firm has a market capitalization of $204.00 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.75 and a beta of 0.94. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71. The firm’s 50 day moving average price is $455.47 and its 200-day moving average price is $422.69. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (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 the consensus estimate of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.42 EPS. As a group, equities analysts forecast that Linde plc will post 15.49 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio is 43.13%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. TD Cowen lifted their price target on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective on the stock. in a research report on Monday, January 22nd. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company boosted 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average target price of $460.15.

Insider Activity

In related news, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the completion of the sale, the chief executive officer now directly owns 56,398 shares of the company’s stock, valued at approximately $26,058,131.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the completion of the sale, the chief executive officer now directly owns 56,398 shares of the company’s stock, valued at approximately $26,058,131.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sean Durbin sold 5,277 shares of the business’s 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 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. Insiders have sold 78,248 shares of company stock valued at $35,811,988 in the last ninety days. 0.70% of the stock is owned by company insiders.

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.