1,273 Shares in Linde plc (NASDAQ:LIN) Bought by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,273 shares of the basic materials company's stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates grew its holdings in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after acquiring an additional 42 shares during the period. Kozak & Associates Inc. acquired a new position in shares of Linde in the 3rd quarter worth approximately $34,000. Retirement Wealth Solutions LLC bought a new stake in shares of Linde in the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in Linde during the third quarter valued at approximately $43,000. Finally, Decker Retirement Planning Inc. bought a new stake in Linde during the fourth quarter worth approximately $47,000. Institutional investors own 82.80% of the company's stock.

Insider Buying and Selling at Linde

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

Linde Stock Up 0.8 %

Shares of NASDAQ:LIN traded up $3.51 during trading on Friday, reaching $436.00. 2,395,144 shares of the company traded hands, compared to its average volume of 2,152,630. The firm has a fifty day simple moving average of $436.85 and a 200 day simple moving average of $452.97. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The firm has a market cap of $207.61 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94.

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

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.28%. The ex-dividend date was Tuesday, December 3rd. Linde's payout ratio is presently 42.22%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LIN. Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a report on Friday, November 1st. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Erste Group Bank reissued a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and upped their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $495.75.

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.