Capital Investment Advisory Services LLC Has $672,000 Stake in Linde plc (NASDAQ:LIN)

Capital Investment Advisory Services LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,636 shares of the basic materials company’s stock after selling 58 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Linde were worth $672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC grew its holdings in shares of Linde by 1.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after acquiring an additional 25 shares in the last quarter. Claro Advisors LLC boosted its holdings in shares of Linde by 1.1% in the 4th quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after buying an additional 25 shares during the last quarter. Fort Point Capital Partners LLC grew its stake in shares of Linde by 1.9% in 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 buying an additional 26 shares in the last quarter. Seven Mile Advisory grew its holdings in Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 26 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Linde by 1.0% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock worth $1,057,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their price target on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup downgraded Linde from a “buy” rating to a “neutral” rating and boosted their price target for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. TD Cowen lifted their price objective on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Seaport Res Ptn downgraded shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Mizuho raised Linde from a “neutral” rating to a “buy” rating and set a $510.00 price objective for the company in a report on Thursday, April 18th. Six equities 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 currently has an average rating of “Moderate Buy” and an average target price of $456.79.

Linde Stock Up 0.2 %

Shares of NASDAQ:LIN opened at $446.97 on Tuesday. The firm has a market cap of $215.25 billion, a P/E ratio of 35.47, 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 has a fifty day simple moving average of $454.44 and a 200 day simple moving average of $419.43. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (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 during the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the company earned $3.16 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts predict that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $1.39 per share. This is an increase from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Wednesday, March 13th. Linde’s dividend payout ratio is 44.13%.

Insider Buying and Selling

In other Linde news, SVP Oliver Pfann sold 300 shares of the business’s 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Linde news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $3,809,695.89. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Oliver Pfann sold 300 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was 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. Insiders have sold a total of 78,248 shares of company stock worth $35,811,988 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

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.