Channel Wealth LLC Has $3.09 Million Position in Linde plc (NASDAQ:LIN)

Channel Wealth LLC increased its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 30.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,385 shares of the basic materials company's stock after purchasing an additional 1,723 shares during the period. Channel Wealth LLC's holdings in Linde were worth $3,092,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Moors & Cabot Inc. raised its position in shares of Linde by 34.1% in the second quarter. Moors & Cabot Inc. now owns 2,164 shares of the basic materials company's stock valued at $950,000 after purchasing an additional 550 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Linde by 7.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,641 shares of the basic materials company's stock valued at $13,007,000 after acquiring an additional 2,004 shares during the period. Waterloo Capital L.P. lifted its position in Linde by 15.8% during the second quarter. Waterloo Capital L.P. now owns 908 shares of the basic materials company's stock worth $398,000 after acquiring an additional 124 shares during the last quarter. Intech Investment Management LLC lifted its position in Linde by 15.6% during the second quarter. Intech Investment Management LLC now owns 19,768 shares of the basic materials company's stock worth $8,674,000 after acquiring an additional 2,670 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in shares of Linde by 6.1% during the second quarter. Brighton Jones LLC now owns 1,299 shares of the basic materials company's stock worth $570,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Price Performance

Linde stock traded up $3.63 during midday trading on Friday, reaching $436.12. The company's stock had a trading volume of 1,401,936 shares, compared to its average volume of 2,264,006. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market cap of $207.66 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The business has a 50-day moving average price of $437.32 and a 200-day moving average price of $452.77.

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

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a $1.39 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.27%. Linde's dividend payout ratio is presently 42.22%.

Insider Activity

In related news, Director Paula Rosput Reynolds purchased 100 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now owns 25,926 shares of the company's stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LIN. TD Cowen raised Linde from a "hold" rating to a "buy" rating and lifted their price target for the stock from $480.00 to $515.00 in a report on Monday. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Mizuho lifted their price objective 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. Finally, Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $495.75.

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.