Evoke Wealth LLC Reduces Position in Linde plc (NASDAQ:LIN)

Evoke Wealth LLC decreased its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,863 shares of the basic materials company's stock after selling 1,001 shares during the quarter. Evoke Wealth LLC's holdings in Linde were worth $7,060,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Horizon Investments LLC lifted its holdings in Linde by 1.6% during the fourth quarter. Horizon Investments LLC now owns 12,710 shares of the basic materials company's stock valued at $5,321,000 after purchasing an additional 204 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Linde by 11.6% in the fourth quarter. Advisors Asset Management Inc. now owns 24,113 shares of the basic materials company's stock worth $10,095,000 after buying an additional 2,507 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Linde by 135.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 91,374 shares of the basic materials company's stock worth $38,416,000 after buying an additional 52,511 shares in the last quarter. RD Lewis Holdings Inc. purchased a new stake in Linde in the fourth quarter worth approximately $1,249,000. Finally, Primecap Management Co. CA boosted its stake in shares of Linde by 0.4% during the fourth quarter. Primecap Management Co. CA now owns 277,000 shares of the basic materials company's stock valued at $115,972,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 82.80% of the company's stock.

Insider Activity at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now directly owns 14,765 shares of the company's stock, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 1,300 shares of the company's stock, valued at $610,662. The trade was a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,159 shares of company stock worth $5,603,843. Company insiders own 0.60% of the company's stock.

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Linde Stock Performance

Shares of LIN stock traded up $0.58 during mid-day trading on Friday, reaching $458.33. The stock had a trading volume of 4,967,504 shares, compared to its average volume of 1,723,191. The business's fifty day moving average is $452.96 and its 200-day moving average is $454.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The firm has a market cap 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 plc has a 1-year low of $410.69 and a 1-year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, research analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on LIN. Citigroup dropped their price target on 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 upgraded Linde from a "hold" rating to a "buy" rating and raised their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Linde currently has a consensus rating of "Moderate Buy" and an average price target of $501.82.

Linde 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.