Rockingstone Advisors LLC Has $3.48 Million Stake in Linde plc (NASDAQ:LIN)

Rockingstone Advisors LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,315 shares of the basic materials company’s stock after acquiring an additional 43 shares during the quarter. Linde makes up about 1.5% of Rockingstone Advisors LLC’s holdings, making the stock its 22nd biggest holding. Rockingstone Advisors LLC’s holdings in Linde were worth $3,481,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Trifecta Capital Advisors LLC raised its stake in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC increased its holdings in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC raised its position in shares of Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 23 shares during the period. Finally, Meridian Wealth Partners LLC boosted its position in shares of Linde by 5.2% during the 2nd quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on LIN. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $515.00 in a report on Monday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $495.75.

Linde Price Performance

LIN stock opened at $427.98 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a market capitalization of $203.79 billion, a P/E ratio of 32.50, a PEG ratio of 2.42 and a beta of 0.94. The company has a fifty day moving average price of $438.67 and a 200-day moving average price of $453.08.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period last year, the company earned $3.63 EPS. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.30%. The ex-dividend date was Tuesday, December 3rd. Linde’s payout ratio is presently 42.22%.

Insider Buying and Selling at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% 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.