Catalyst Financial Partners LLC Buys 128 Shares of Linde plc (NASDAQ:LIN)

Catalyst Financial Partners LLC boosted its stake in shares of Linde plc (NASDAQ:LIN) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,728 shares of the basic materials company’s stock after acquiring an additional 128 shares during the period. Catalyst Financial Partners LLC’s holdings in Linde were worth $710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC bought a new stake in Linde during the third quarter worth about $26,000. Annapolis Financial Services LLC boosted its position in shares of Linde by 122.6% during the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 38 shares in the last quarter. Provence Wealth Management Group bought a new position in Linde in the third quarter valued at approximately $29,000. Addison Advisors LLC raised its position in Linde by 310.0% during the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in Linde by 347.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 73 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Sean Durbin sold 5,277 shares of the company’s 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 directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Matthew J. White sold 51,231 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $455.84, for a total value of $23,353,139.04. Following the transaction, the chief financial officer now owns 57,634 shares in the company, valued at $26,271,882.56. The disclosure for this sale can be found here. Insiders sold 77,948 shares of company stock valued at $35,687,605 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Linde Trading Up 0.5 %

NASDAQ:LIN traded up $2.15 on Thursday, reaching $429.86. 1,740,059 shares of the stock traded hands, compared to its average volume of 2,202,527. The firm has a market capitalization of $206.62 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 2.78 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 company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $454.34 and its 200-day moving average is $424.22.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. The business had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. Linde’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.42 earnings per share. Equities research analysts anticipate that Linde plc will post 15.5 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $1.39 per share. The ex-dividend date is Tuesday, June 4th. This represents a $5.56 annualized dividend and a yield of 1.29%. Linde’s dividend payout ratio is currently 43.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LIN shares. Wolfe Research began coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating for the company. Wells Fargo & Company increased their target price on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Stifel Nicolaus cut shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research report on Monday, January 22nd. HSBC cut their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and upped their price target for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $464.69.

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.