691 Shares in Linde plc (NASDAQ:LIN) Bought by Burney Co.

Burney Co. bought a new position in shares of Linde plc (NASDAQ:LIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 691 shares of the basic materials company's stock, valued at approximately $289,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Linde by 25.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,709 shares of the basic materials company's stock worth $3,227,000 after purchasing an additional 1,560 shares during the last quarter. Park Avenue Securities LLC increased its position in Linde by 9.8% during the fourth quarter. Park Avenue Securities LLC now owns 21,714 shares of the basic materials company's stock worth $9,091,000 after buying an additional 1,939 shares during the period. Kathmere Capital Management LLC lifted its stake in Linde by 3.6% in the fourth quarter. Kathmere Capital Management LLC now owns 1,363 shares of the basic materials company's stock valued at $571,000 after buying an additional 47 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Linde by 2,293.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company's stock valued at $327,593,000 after buying an additional 749,763 shares during the last quarter. Finally, San Luis Wealth Advisors LLC grew its position in shares of Linde by 3.9% during the fourth quarter. San Luis Wealth Advisors LLC now owns 2,211 shares of the basic materials company's stock worth $926,000 after acquiring an additional 83 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Erste Group Bank reiterated a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and boosted their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup decreased their price objective on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $495.75.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now owns 233 shares of the company's stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

Linde Price Performance

LIN traded up $3.51 on Friday, hitting $436.00. 2,395,144 shares of the company were exchanged, compared to its average volume of 2,152,630. The business's fifty day moving average is $436.85 and its 200 day moving average is $452.97. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $207.61 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94.

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

Linde Dividend Announcement

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

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.