Annex Advisory Services LLC Has $28.59 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Annex Advisory Services LLC lifted its stake in Linde plc (NASDAQ:LIN - Free Report) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,286 shares of the basic materials company's stock after buying an additional 9,526 shares during the period. Linde makes up 0.9% of Annex Advisory Services LLC's portfolio, making the stock its 26th biggest position. Annex Advisory Services LLC's holdings in Linde were worth $28,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Trifecta Capital Advisors LLC boosted its holdings in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 21 shares during the last quarter. Prentice Wealth Management LLC boosted its holdings in Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock valued at $652,000 after purchasing an additional 23 shares during the last quarter. Quotient Wealth Partners LLC boosted its holdings in Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock valued at $1,290,000 after purchasing an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock valued at $873,000 after purchasing an additional 23 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in Linde by 2.9% in the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company's stock valued at $406,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of several research reports. Erste Group Bank restated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and increased their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $495.75.

Insider Buying and Selling

In related news, Director Paula Rosput Reynolds bought 100 shares of the business's stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value 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. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Linde Price Performance

Shares of LIN traded up $3.51 during trading hours on Monday, hitting $436.00. 2,395,144 shares of the company were exchanged, compared to its average volume of 2,152,630. The company has a market capitalization of $207.60 billion, a PE ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a fifty day simple moving average of $436.85 and a 200-day simple moving average of $453.12. Linde plc has a one year low of $396.07 and a one year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.39 billion. During the same quarter last year, the firm posted $3.63 earnings per share. Linde's revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a dividend of $1.39 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.28%. Linde's dividend payout ratio is 42.22%.

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.