Ifrah Financial Services Inc. Has $1.20 Million Position in Linde plc (NASDAQ:LIN)

Ifrah Financial Services Inc. cut its stake in Linde plc (NASDAQ:LIN) by 5.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,912 shares of the basic materials company’s stock after selling 177 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Linde were worth $1,196,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Carmel Capital Partners LLC acquired a new position in Linde in the third quarter valued at about $26,000. Annapolis Financial Services LLC grew its stake in Linde by 122.6% during the third 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 in the last quarter. Provence Wealth Management Group bought a new position in Linde in the 3rd quarter valued at about $29,000. Addison Advisors LLC raised its position in shares of Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after buying an additional 62 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Linde by 347.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 73 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LIN has been the subject of several recent analyst reports. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and raised their price objective for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. TD Cowen lifted their target price on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Mizuho increased their target price on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday. Finally, Stifel Nicolaus lowered shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a report on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $460.15.

Linde Trading Up 0.9 %

Shares of NASDAQ:LIN traded up $3.98 during trading on Friday, reaching $423.60. The stock had a trading volume of 2,657,419 shares, compared to its average volume of 1,803,659. Linde plc has a 52 week low of $350.60 and a 52 week high of $477.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 0.91. The firm’s fifty day moving average is $455.47 and its 200 day moving average is $422.69. The stock has a market cap of $204.00 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 2.78 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The business had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same quarter in the previous year, the business earned $3.42 earnings per share. Linde’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that Linde plc will post 15.5 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $1.39 per share. The ex-dividend date is Tuesday, June 4th. This represents a $5.56 annualized dividend and a yield of 1.31%. Linde’s dividend payout ratio is currently 43.13%.

Insiders Place Their Bets

In related news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the transaction, the vice president now directly owns 6,920 shares in the company, valued at $3,177,248.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is owned by corporate 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.