Atomi Financial Group Inc. Grows Position in Linde plc (NASDAQ:LIN)

Atomi Financial Group Inc. grew its stake in Linde plc (NASDAQ:LIN) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,069 shares of the basic materials company’s stock after buying an additional 254 shares during the period. Atomi Financial Group Inc.’s holdings in Linde were worth $1,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIN. Trifecta Capital Advisors LLC increased its position in shares of Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares during the period. Prentice Wealth Management LLC grew its stake in Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after purchasing an additional 23 shares during the period. Regent Peak Wealth Advisors LLC increased its holdings in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares during the period. Finally, CVA Family Office LLC lifted its holdings in shares of Linde by 2.9% during the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LIN. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $495.75.

Linde Price Performance

Shares of Linde stock opened at $442.46 on Wednesday. The firm has a market cap of $210.68 billion, a PE ratio of 33.60, a P/E/G ratio of 2.70 and a beta of 0.94. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $436.44 and a 200 day moving average price of $453.14.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 earnings per share. Sell-side analysts predict that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the 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 transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase 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.