Sivia Capital Partners LLC Sells 60 Shares of Linde plc (NASDAQ:LIN)

Sivia Capital Partners LLC cut its holdings in shares of Linde plc (NASDAQ:LIN) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,251 shares of the basic materials company’s stock after selling 60 shares during the period. Sivia Capital Partners LLC’s holdings in Linde were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Fulcrum Capital LLC boosted its position in shares of Linde by 2.0% during the fourth quarter. Fulcrum Capital LLC now owns 14,035 shares of the basic materials company’s stock worth $5,876,000 after buying an additional 271 shares during the period. JCIC Asset Management Inc. lifted its position in shares of Linde by 2.0% in the fourth quarter. JCIC Asset Management Inc. now owns 6,447 shares of the basic materials company’s stock worth $2,699,000 after purchasing an additional 128 shares in the last quarter. Accelerate Investment Advisors LLC boosted its holdings in Linde by 34.4% during the fourth quarter. Accelerate Investment Advisors LLC now owns 1,239 shares of the basic materials company’s stock worth $519,000 after purchasing an additional 317 shares during the last quarter. Cooper Financial Group grew its position in Linde by 16.0% in the fourth quarter. Cooper Financial Group now owns 834 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 115 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in Linde by 15.0% in the 4th quarter. Capital Investment Advisors LLC now owns 1,206 shares of the basic materials company’s stock valued at $505,000 after buying an additional 157 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LIN shares. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho raised their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a report on Monday. Finally, 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 report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $495.75.

Insider Activity at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following 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. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Performance

Linde stock traded up $7.12 during trading hours on Monday, hitting $421.27. The company had a trading volume of 1,342,457 shares, compared to its average volume of 2,298,786. The firm has a 50-day moving average of $439.96 and a 200 day moving average of $453.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a market cap of $200.59 billion, a PE ratio of 31.99, a PEG ratio of 2.79 and a beta of 0.94. Linde plc has a one year low of $396.07 and a one year high of $487.49.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a $1.39 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.32%. Linde’s payout ratio is presently 42.22%.

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.