1,119 Shares in Linde plc (NASDAQ:LIN) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in Linde plc (NASDAQ:LIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,119 shares of the basic materials company's stock, valued at approximately $468,000.

A number of other large investors have also bought and sold shares of LIN. Synergy Asset Management LLC acquired a new stake in Linde in the 4th quarter valued at about $25,000. Rakuten Securities Inc. grew its stake in shares of Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates raised its position in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Linde during the 4th quarter worth $34,000. 82.80% of the stock is currently owned by institutional investors.

Insider Activity at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares of the company's stock, valued at $610,662. This represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,159 shares of company stock valued at $5,603,843. 0.60% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

LIN has been the subject of several research reports. Citigroup cut their price target on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and upped their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three research 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 presently has an average rating of "Moderate Buy" and a consensus price target of $501.82.

Linde Stock Down 0.4 %

NASDAQ LIN traded down $1.64 during trading on Tuesday, hitting $457.45. The stock had a trading volume of 2,002,522 shares, compared to its average volume of 1,724,102. The company has a market capitalization of $216.33 billion, a PE ratio of 33.61, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company's 50-day moving average price is $453.71 and its two-hundred day moving average price is $454.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. As a group, sell-side analysts forecast that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $1.50 dividend. This is a boost from Linde's previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. This represents a $6.00 annualized dividend and a dividend yield of 1.31%. Linde's dividend payout ratio (DPR) is presently 44.09%.

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.