Adams Natural Resources Fund Inc. Has $29.06 Million Stake in Linde plc (NASDAQ:LIN)

Adams Natural Resources Fund Inc. lifted its stake in Linde plc (NASDAQ:LIN - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,400 shares of the basic materials company's stock after purchasing an additional 1,800 shares during the period. Linde accounts for approximately 4.6% of Adams Natural Resources Fund Inc.'s holdings, making the stock its 4th largest holding. Adams Natural Resources Fund Inc.'s holdings in Linde were worth $29,056,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LIN. Wrapmanager Inc. boosted its position in shares of Linde by 1.3% during the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock worth $709,000 after acquiring an additional 22 shares in the last quarter. Knuff & Co LLC raised its position in Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock valued at $114,000 after purchasing an additional 22 shares in the last quarter. Concord Asset Management LLC VA lifted its stake in Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock worth $1,999,000 after purchasing an additional 23 shares during the last quarter. Fourpath Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 24 shares in the last quarter. Finally, Austin Wealth Management LLC increased its stake in shares of Linde by 5.3% in the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company's stock valued at $209,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LIN. Citigroup dropped 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. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and increased their target price for the stock 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 given a buy rating to the stock. According to data from MarketBeat.com, Linde has an average rating of "Moderate Buy" and an average target price of $501.82.

Linde Trading Up 0.9 %

NASDAQ LIN traded up $3.98 during mid-day trading on Wednesday, reaching $461.43. 1,597,735 shares of the stock were exchanged, compared to its average volume of 1,725,476. The stock has a market cap of $218.22 billion, a P/E ratio of 33.90, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. Linde plc has a one year low of $410.69 and a one year high of $487.49. The stock has a 50 day simple moving average of $454.32 and a 200-day simple moving average of $454.19.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. On average, analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $1.50 per share. This is an increase from Linde's previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $6.00 annualized dividend and a dividend yield of 1.30%. Linde's dividend payout ratio (DPR) is 44.09%.

Insider Activity at Linde

In other news, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the sale, the vice president now directly owns 1,300 shares in the company, valued at $610,662. This trade represents a 65.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was 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. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,159 shares of company stock worth $5,603,843 in the last quarter. Company insiders own 0.60% of the company's stock.

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.