Frazier Financial Advisors LLC Invests $70,000 in Linde plc (NASDAQ:LIN)

Frazier Financial Advisors LLC bought a new stake in shares of Linde plc (NASDAQ:LIN) in the 4th quarter, Holdings Channel.com reports. The firm bought 172 shares of the basic materials company’s stock, valued at approximately $70,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LIN. Norges Bank purchased a new stake in shares of Linde in the fourth quarter worth $3,066,825,000. Winder Pte. Ltd. purchased a new stake in Linde in the 3rd quarter worth $1,892,774,000. Private Advisor Group LLC raised its holdings in Linde by 104.2% during the fourth quarter. Private Advisor Group LLC now owns 18,679 shares of the basic materials company’s stock valued at $7,672,000 after acquiring an additional 468,415 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Linde in the third quarter valued at about $168,636,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Linde by 33,201.7% in the fourth quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock worth $169,189,000 after acquiring an additional 410,705 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other Linde 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 transaction, the chief financial officer now directly owns 57,634 shares in the company, valued at approximately $26,271,882.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Matthew J. White sold 51,231 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was 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 SEC, which is available through the SEC website. Also, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 6,920 shares in the company, valued at approximately $3,177,248.80. The disclosure for this sale can be found here. Insiders sold a total of 77,948 shares of company stock valued at $35,687,605 in the last three months. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LIN. BMO Capital Markets decreased their target price on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Wolfe Research assumed coverage on shares of Linde in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and raised their target price for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and increased their price objective for the company from $475.00 to $500.00 in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lifted their target price on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Six equities research 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 $468.83.

Linde Trading Down 0.4 %

LIN stock traded down $1.80 during mid-day trading on Thursday, reaching $432.99. 459,096 shares of the stock traded hands, compared to its average volume of 2,116,233. The business has a 50-day moving average price of $448.43 and a two-hundred day moving average price of $428.12. The stock has a market capitalization of $208.13 billion, a PE ratio of 33.73, a PEG ratio of 2.73 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. Linde plc has a one year low of $350.60 and a one year high of $477.71.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.42 EPS. Equities research analysts expect that Linde plc will post 15.5 EPS for the current year.

Linde Announces Dividend

The business 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 dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. Linde’s payout ratio is 43.13%.

Linde Company 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.