Navalign LLC Has $1.10 Million Position in Linde plc (NASDAQ:LIN)

Navalign LLC raised its stake in Linde plc (NASDAQ:LIN) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,667 shares of the basic materials company’s stock after purchasing an additional 44 shares during the period. Navalign LLC’s holdings in Linde were worth $1,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fort Point Capital Partners LLC grew its position in Linde by 1.9% in the 3rd quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after purchasing an additional 26 shares during the period. Seven Mile Advisory raised its stake in shares of Linde by 4.2% during the 3rd quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 26 shares during the period. USA Financial Formulas raised its stake in shares of Linde by 7.0% during the 3rd quarter. USA Financial Formulas now owns 411 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 27 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Linde by 12.8% during the 2nd quarter. SRS Capital Advisors Inc. now owns 246 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 28 shares during the period. Finally, Arete Wealth Advisors LLC raised its stake in shares of Linde by 2.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 1,247 shares of the basic materials company’s stock worth $465,000 after purchasing an additional 28 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Matthew J. White sold 51,231 shares of Linde 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 transaction, the chief financial officer now directly owns 57,634 shares of the company’s stock, valued at approximately $26,271,882.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Linde news, CFO Matthew J. White sold 51,231 shares of Linde stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $455.84, for a total value of $23,353,139.04. Following the sale, the chief financial officer now owns 57,634 shares of the company’s stock, valued at approximately $26,271,882.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is owned by corporate insiders.

Linde Trading Down 0.4 %

LIN stock traded down $1.91 during midday trading on Thursday, hitting $464.32. The company had a trading volume of 1,784,923 shares, compared to its average volume of 2,413,546. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. Linde plc has a 52 week low of $348.38 and a 52 week high of $477.71. The stock’s 50 day moving average price is $437.90 and its 200 day moving average price is $409.61. The stock has a market cap of $223.61 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 3.05 and a beta of 0.93.

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

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.20%. This is an increase from Linde’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, March 13th. Linde’s dividend payout ratio (DPR) is presently 44.13%.

Analyst Upgrades and Downgrades

LIN has been the subject of several recent research reports. UBS Group lowered Linde from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $482.00 to $510.00 in a report on Wednesday. Wells Fargo & Company lifted their target price on Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. TD Cowen lifted their target price on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 target price for the company. in a report on Monday, January 22nd. Finally, Wolfe Research initiated coverage on Linde in a report on Friday, March 1st. They set 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. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average price target of $448.93.

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.