Teamwork Financial Advisors LLC Buys 34 Shares of Linde plc (NASDAQ:LIN)

Teamwork Financial Advisors LLC raised its position in Linde plc (NASDAQ:LIN) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 625 shares of the basic materials company’s stock after buying an additional 34 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Linde were worth $262,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % 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, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade 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.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Citigroup decreased their price target 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Price Performance

Shares of NASDAQ:LIN opened at $442.60 on Thursday. The company’s fifty day moving average is $435.90 and its 200 day moving average is $453.11. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The stock has a market cap of $210.75 billion, a PE ratio of 33.61, a PEG ratio of 2.74 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share 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 during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the company posted $3.63 EPS. Linde’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts anticipate that Linde plc will post 15.45 earnings per share for the current year.

Linde Announces Dividend

The company also recently declared 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 of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. Linde’s dividend payout ratio is currently 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.