SRS Capital Advisors Inc. Buys 176 Shares of Linde plc (NASDAQ:LIN)

SRS Capital Advisors Inc. boosted its stake in shares of Linde plc (NASDAQ:LIN) by 33.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 706 shares of the basic materials company’s stock after purchasing an additional 176 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Linde were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC acquired a new stake in Linde in the third quarter worth about $26,000. Annapolis Financial Services LLC raised its holdings in shares of Linde by 122.6% in 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 during the last quarter. Provence Wealth Management Group acquired a new stake in shares of Linde during the third quarter worth $29,000. Addison Advisors LLC grew its holdings in shares of Linde by 310.0% during the fourth 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 during the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of Linde by 347.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In other news, CFO Matthew J. White sold 51,231 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the sale, the chief financial officer now owns 57,634 shares of the company’s stock, valued at $26,271,882.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Linde news, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the sale, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew J. White sold 51,231 shares of Linde stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $455.84, for a total value of $23,353,139.04. Following the completion of the transaction, the chief financial officer now owns 57,634 shares of the company’s stock, valued at approximately $26,271,882.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is currently owned by company insiders.

Linde Trading Up 0.9 %

NASDAQ:LIN traded up $3.98 on Friday, hitting $423.60. The stock had a trading volume of 2,657,419 shares, compared to its average volume of 1,803,659. The company has a fifty day moving average price of $455.95 and a two-hundred day moving average price of $422.38. The stock has a market cap of $204.00 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.75 and a beta of 0.94. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. The firm had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $3.42 EPS. Equities research analysts expect that Linde plc will post 15.49 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LIN. Seaport Res Ptn lowered shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. TD Cowen raised their target price on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Wolfe Research initiated coverage on Linde in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Wells Fargo & Company raised their price objective on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and boosted their target price for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $460.15.

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.