Assetmark Inc. Has $23.08 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Assetmark Inc. grew its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,114 shares of the basic materials company's stock after buying an additional 2,456 shares during the period. Assetmark Inc.'s holdings in Linde were worth $23,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wrapmanager Inc. raised its position in Linde by 1.3% in the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock valued at $709,000 after buying an additional 22 shares during the last quarter. Concord Asset Management LLC VA raised its position in Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock valued at $1,999,000 after buying an additional 23 shares during the last quarter. Fourpath Capital Management LLC raised its position in Linde by 0.6% in the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock valued at $1,732,000 after buying an additional 24 shares during the last quarter. Romano Brothers AND Company raised its position in Linde by 1.3% in the 4th quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company's stock valued at $841,000 after buying an additional 25 shares during the last quarter. Finally, MCF Advisors LLC raised its position in Linde by 17.9% in the 4th quarter. MCF Advisors LLC now owns 165 shares of the basic materials company's stock valued at $69,000 after buying an additional 25 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LIN. Erste Group Bank reissued a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen raised 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 report on Monday, January 13th. Finally, Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Three equities 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $501.82.

Insider Transactions at Linde

In other news, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company's stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business's stock in a transaction on 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 owns 25,926 shares of the company's stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,377 shares of company stock worth $6,567,231. 0.60% of the stock is owned by company insiders.

Linde Stock Performance

Shares of NASDAQ LIN traded up $2.61 during midday trading on Friday, hitting $468.77. 1,823,990 shares of the company's stock were exchanged, compared to its average volume of 2,339,896. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. 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 $444.80 and its 200 day moving average price is $455.31. The firm has a market capitalization of $221.69 billion, a PE ratio of 34.44, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal 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 paid a dividend of $1.50 per share. This is an increase from Linde's previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, March 13th. Linde's payout ratio is currently 44.09%.

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.