Cyrus J. Lawrence LLC Has $8.30 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Cyrus J. Lawrence LLC decreased its position in shares of Linde plc (NASDAQ:LIN) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,818 shares of the basic materials company’s stock after selling 68 shares during the quarter. Linde makes up approximately 1.6% of Cyrus J. Lawrence LLC’s holdings, making the stock its 29th largest holding. Cyrus J. Lawrence LLC’s holdings in Linde were worth $8,297,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Wrapmanager Inc. lifted its position in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after acquiring an additional 22 shares during the last quarter. Knuff & Co LLC lifted its position in Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 22 shares during the last quarter. Concord Asset Management LLC VA raised its position in shares of Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after buying an additional 23 shares in the last quarter. Fourpath Capital Management LLC raised its position in shares of Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after buying an additional 24 shares in the last quarter. Finally, Austin Wealth Management LLC raised its position in shares of Linde by 5.3% in the fourth quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company’s stock valued at $209,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. TD Cowen upgraded 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 research report on Monday, January 13th. Citigroup dropped their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $458.33 on Friday. The company’s 50 day simple moving average is $452.96 and its 200 day simple moving average is $454.49. The stock has a market capitalization of $216.75 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49.

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

Linde Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, March 13th. This is a boost from Linde’s previous quarterly dividend of $1.39. Linde’s payout ratio is presently 44.09%.

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the sale, the vice president now owns 1,300 shares of the company’s stock, valued at approximately $610,662. The trade was a 65.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares in the company, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,159 shares of company stock valued at $5,603,843. 0.60% of the stock is currently owned by insiders.

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.