Addison Advisors LLC Buys 62 Shares of Linde plc (NASDAQ:LIN)

Addison Advisors LLC increased its holdings in Linde plc (NASDAQ:LIN) by 310.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82 shares of the basic materials company’s stock after buying an additional 62 shares during the period. Addison Advisors LLC’s holdings in Linde were worth $34,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LIN. Carmel Capital Partners LLC bought a new position in Linde in the 3rd quarter worth approximately $26,000. Annapolis Financial Services LLC boosted its holdings in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after buying an additional 38 shares during the period. Provence Wealth Management Group bought a new position in Linde in the 3rd quarter worth approximately $29,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Linde by 42.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock worth $48,000 after buying an additional 38 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new position in Linde in the 4th quarter worth approximately $53,000. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

LIN has been the subject of several analyst reports. Stifel Nicolaus downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a report on Monday, January 22nd. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and raised their price target for the company from $475.00 to $500.00 in a report on Wednesday, April 10th. TD Cowen raised their price target on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a report on Friday, February 16th. UBS Group downgraded shares of Linde from a “buy” rating to a “neutral” rating and raised their price target for the company from $482.00 to $510.00 in a report on Wednesday, March 27th. Finally, Wolfe Research began coverage on shares of Linde in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $456.79.

Insider Buying and Selling

In related news, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Linde news, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the sale, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. Insiders have sold a total of 78,248 shares of company stock worth $35,811,988 in the last 90 days. 0.70% of the stock is owned by company insiders.

Linde Price Performance

Shares of Linde stock traded down $0.65 on Friday, hitting $443.18. 1,583,773 shares of the company traded hands, compared to its average volume of 1,507,545. The firm’s 50-day simple moving average is $456.06 and its 200 day simple moving average is $421.04. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. The company has a market cap of $213.43 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.89 and a beta of 0.93. Linde plc has a 12-month low of $350.60 and a 12-month high of $477.71.

Linde (NASDAQ:LIN) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.16 EPS. Analysts expect that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio (DPR) is presently 44.13%.

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.