Linde plc (NASDAQ:LIN) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its position in shares of Linde plc (NASDAQ:LIN) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,460 shares of the basic materials company’s stock after selling 701 shares during the period. Linde makes up about 1.0% of Moran Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Moran Wealth Management LLC’s holdings in Linde were worth $30,337,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Linde by 372.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in Linde by 56,467.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,097,982 shares of the basic materials company’s stock worth $459,692,000 after acquiring an additional 1,096,041 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after purchasing an additional 749,763 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Linde in the 4th quarter worth about $308,251,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Linde by 467.9% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 827,979 shares of the basic materials company’s stock valued at $374,780,000 after purchasing an additional 682,176 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In related news, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the completion of the transaction, the vice president now directly owns 1,300 shares in the company, valued at $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,377 shares of company stock valued at $6,567,231. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Up 0.6 %

Linde stock opened at $468.77 on Monday. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The stock has a market cap of $221.69 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.08 and a beta of 0.94. The company’s 50-day moving average price is $444.80 and its two-hundred day moving average price is $455.24. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, March 13th. This is an increase from Linde’s previous quarterly dividend of $1.39. Linde’s payout ratio is presently 44.09%.

Analyst Ratings Changes

LIN has been the subject of several research analyst reports. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently 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.