Linde plc (NASDAQ:LIN) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. lowered its holdings in Linde plc (NASDAQ:LIN) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 676 shares of the basic materials company’s stock after selling 61 shares during the period. Raleigh Capital Management Inc.’s holdings in Linde were worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mutual Advisors LLC grew its position in Linde by 16.9% during the 4th quarter. Mutual Advisors LLC now owns 1,158 shares of the basic materials company’s stock worth $501,000 after purchasing an additional 167 shares in the last quarter. Asset Planning Services Inc. LA ADV boosted its position in shares of Linde by 3.3% in the fourth quarter. Asset Planning Services Inc. LA ADV now owns 2,790 shares of the basic materials company’s stock worth $1,168,000 after buying an additional 90 shares during the period. Traynor Capital Management Inc. grew its holdings in shares of Linde by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 5,877 shares of the basic materials company’s stock valued at $2,461,000 after buying an additional 202 shares in the last quarter. Wesbanco Bank Inc. raised its position in Linde by 11.4% during the fourth quarter. Wesbanco Bank Inc. now owns 24,713 shares of the basic materials company’s stock valued at $10,347,000 after buying an additional 2,526 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Linde by 1.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 138,590 shares of the basic materials company’s stock valued at $58,024,000 after buying an additional 2,621 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Activity at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’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 sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $440.83 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $209.91 billion, a PE ratio of 33.47, a P/E/G ratio of 2.74 and a beta of 0.94. The stock has a 50 day simple moving average of $435.90 and a 200 day simple moving average of $453.11. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results 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. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the company posted $3.63 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Linde plc will post 15.45 EPS for the current fiscal year.

Linde Dividend Announcement

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 dividend of $1.39 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.26%. Linde’s payout ratio is presently 42.22%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.