Linde plc (NASDAQ:LIN) Shares Sold by Red Spruce Capital LLC

Red Spruce Capital LLC cut its position in Linde plc (NASDAQ:LIN) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,294 shares of the basic materials company’s stock after selling 124 shares during the period. Linde makes up 1.7% of Red Spruce Capital LLC’s holdings, making the stock its 17th largest position. Red Spruce Capital LLC’s holdings in Linde were worth $3,891,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LIN. Global Wealth Strategies & Associates raised its stake in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Kozak & Associates Inc. purchased a new position in Linde during the third quarter valued at approximately $34,000. Retirement Wealth Solutions LLC acquired a new position in Linde in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP purchased a new stake in Linde in the 3rd quarter worth approximately $43,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Linde during the 4th quarter worth approximately $47,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $495.75.

Linde Stock Up 1.5 %

Shares of NASDAQ LIN opened at $442.46 on Wednesday. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The company has a market capitalization of $210.68 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.70 and a beta of 0.94. The company has a 50 day simple moving average of $436.44 and a 200-day simple moving average of $453.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the business earned $3.63 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts predict that Linde plc will post 15.45 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

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.