RD Lewis Holdings Inc. Takes $1.25 Million Position in Linde plc (NASDAQ:LIN)

RD Lewis Holdings Inc. acquired a new stake in shares of Linde plc (NASDAQ:LIN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,744 shares of the basic materials company's stock, valued at approximately $1,249,000. Linde accounts for 1.4% of RD Lewis Holdings Inc.'s portfolio, making the stock its 25th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Primecap Management Co. CA boosted its stake in Linde by 0.4% in the 4th quarter. Primecap Management Co. CA now owns 277,000 shares of the basic materials company's stock worth $115,972,000 after purchasing an additional 1,000 shares during the period. Tocqueville Asset Management L.P. boosted its stake in shares of Linde by 10.4% during the 4th quarter. Tocqueville Asset Management L.P. now owns 20,004 shares of the basic materials company's stock valued at $8,375,000 after buying an additional 1,880 shares during the period. Kimelman & Baird LLC boosted its stake in shares of Linde by 6.8% during the 4th quarter. Kimelman & Baird LLC now owns 32,837 shares of the basic materials company's stock valued at $13,748,000 after buying an additional 2,105 shares during the period. Cibc World Markets Corp boosted its stake in shares of Linde by 44.2% during the 4th quarter. Cibc World Markets Corp now owns 498,640 shares of the basic materials company's stock valued at $208,766,000 after buying an additional 152,944 shares during the period. Finally, SlateStone Wealth LLC boosted its stake in shares of Linde by 3.2% during the 4th quarter. SlateStone Wealth LLC now owns 4,382 shares of the basic materials company's stock valued at $1,835,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

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Linde Stock Performance

Shares of NASDAQ:LIN traded up $0.58 on Friday, hitting $458.33. 4,967,504 shares of the company were exchanged, compared to its average volume of 1,723,191. The company's 50 day moving average price is $452.96 and its two-hundred day moving average price is $454.49. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The firm has a market capitalization of $216.75 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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%. Research analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $1.50 per share. This is a positive change from Linde's previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 13th. Linde's payout ratio is 44.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LIN shares. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and lifted 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 given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $501.82.

Insider Activity

In other Linde news, VP David P. Strauss sold 2,477 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares in the company, valued at $610,662. The trade was a 65.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,323,154.00. Following the transaction, the director now owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,159 shares of company stock worth $5,603,843. Corporate insiders own 0.60% of the company's stock.

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.