SRS Capital Advisors Inc. Grows Holdings in Linde plc (NASDAQ:LIN)

SRS Capital Advisors Inc. increased its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 110.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,521 shares of the basic materials company's stock after acquiring an additional 798 shares during the period. SRS Capital Advisors Inc.'s holdings in Linde were worth $637,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LIN. Synergy Asset Management LLC purchased a new stake in shares of Linde in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates lifted its holdings in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after buying an additional 42 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Linde during the 4th quarter worth $34,000. Capital Performance Advisors LLP purchased a new position in shares of Linde during the third quarter valued at $43,000. Finally, Kozak & Associates Inc. raised its holdings in shares of Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Activity

In other Linde news, VP David P. Strauss sold 2,218 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction 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. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,285 shares of company stock worth $7,423,986 in the last quarter. Corporate insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LIN shares. Erste Group Bank reiterated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen raised Linde from a "hold" rating to a "buy" rating and increased their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Linde has a consensus rating of "Moderate Buy" and an average target price of $501.82.

Linde Stock Performance

Shares of LIN traded down $4.80 during trading hours on Monday, hitting $462.25. The stock had a trading volume of 3,072,942 shares, compared to its average volume of 2,250,168. The firm has a 50-day moving average price of $440.68 and a 200 day moving average price of $454.99. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The firm has a market capitalization of $220.10 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that Linde plc will post 16.54 EPS 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 paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.30%. This is an increase from Linde's previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. Linde's dividend payout ratio is presently 44.09%.

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.