Resonant Capital Advisors LLC Acquires 46 Shares of Linde plc (NASDAQ:LIN)

Resonant Capital Advisors LLC grew its holdings in Linde plc (NASDAQ:LIN) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,730 shares of the basic materials company’s stock after purchasing an additional 46 shares during the period. Resonant Capital Advisors LLC’s holdings in Linde were worth $711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Clear Harbor Asset Management LLC grew its holdings in shares of Linde by 1.8% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock worth $575,000 after acquiring an additional 25 shares during the period. Claro Advisors LLC lifted its position in Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after purchasing an additional 25 shares in the last quarter. Fort Point Capital Partners LLC lifted its position in Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after purchasing an additional 26 shares in the last quarter. Seven Mile Advisory lifted its position in Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 26 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its position in Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of several analyst reports. Wolfe Research initiated coverage on Linde in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Wells Fargo & Company lifted their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. TD Cowen boosted their price objective on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Stifel Nicolaus downgraded 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. Finally, Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $456.79.

Insiders Place Their Bets

In other Linde news, SVP Oliver Pfann sold 300 shares of the business’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 transaction of $124,383.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, 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 transaction of $124,383.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjiv Lamba sold 8,306 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $462.04, for a total value of $3,837,704.24. Following the transaction, the chief executive officer now directly owns 56,398 shares in the company, valued at approximately $26,058,131.92. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock valued at $35,811,988 over the last ninety days. 0.70% of the stock is owned by insiders.

Linde Price Performance

NASDAQ:LIN opened at $446.30 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $214.93 billion, a P/E ratio of 35.42, a P/E/G ratio of 2.91 and a beta of 0.93. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71. The business’s 50-day moving average is $453.89 and its 200 day moving average is $418.29.

Linde (NASDAQ:LIN) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, topping 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 company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the previous year, the business earned $3.16 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Increases Dividend

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

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.