OneDigital Investment Advisors LLC Has $3.32 Million Stake in Linde plc (NASDAQ:LIN)

OneDigital Investment Advisors LLC raised its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 38.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,923 shares of the basic materials company's stock after purchasing an additional 2,190 shares during the period. OneDigital Investment Advisors LLC's holdings in Linde were worth $3,317,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in Linde during the 4th quarter valued at $25,000. Rakuten Securities Inc. raised its stake in shares of Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Linde in the fourth quarter worth about $28,000. Global Wealth Strategies & Associates lifted its holdings in Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after purchasing an additional 42 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new position in Linde in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Argus upgraded shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and raised their price objective for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $498.00.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction dated 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 owns 1,300 shares of the company's stock, valued at $610,662. This trade represents a 65.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock worth $5,603,843 in the last 90 days. Corporate insiders own 0.60% of the company's stock.

Linde Trading Down 0.3 %

LIN traded down $1.13 during midday trading on Friday, reaching $448.40. 1,865,299 shares of the company were exchanged, compared to its average volume of 1,949,182. The stock's 50-day simple moving average is $454.36 and its 200 day simple moving average is $450.51. Linde plc has a one year low of $408.65 and a one year high of $487.49. The stock has a market capitalization of $212.05 billion, a P/E ratio of 32.95, 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 released its 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%. As a group, analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, March 13th. This is a positive change from Linde's previous quarterly dividend of $1.39. Linde's dividend payout ratio is presently 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.