MGO One Seven LLC Has $2.08 Million Stock Holdings in Linde plc (NASDAQ:LIN)

MGO One Seven LLC increased its position in Linde plc (NASDAQ:LIN - Free Report) by 59.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,959 shares of the basic materials company's stock after buying an additional 1,842 shares during the period. MGO One Seven LLC's holdings in Linde were worth $2,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Alta Advisers Ltd increased its position in shares of Linde by 18.7% in the fourth quarter. Alta Advisers Ltd now owns 1,543 shares of the basic materials company's stock worth $646,000 after acquiring an additional 243 shares in the last quarter. Fayez Sarofim & Co lifted its stake in Linde by 0.4% in the fourth quarter. Fayez Sarofim & Co now owns 439,536 shares of the basic materials company's stock valued at $184,021,000 after buying an additional 1,637 shares during the last quarter. J. Safra Sarasin Holding AG grew its holdings in Linde by 24.2% in the 4th quarter. J. Safra Sarasin Holding AG now owns 52,038 shares of the basic materials company's stock worth $21,785,000 after buying an additional 10,130 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Linde by 38.2% in the fourth quarter. OneDigital Investment Advisors LLC now owns 7,923 shares of the basic materials company's stock worth $3,317,000 after purchasing an additional 2,190 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in Linde by 1.1% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 48,256 shares of the basic materials company's stock worth $20,203,000 after purchasing an additional 504 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LIN shares. TD Cowen upgraded shares of 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 research report on Monday, January 13th. Argus upgraded Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $498.00.

Insider Buying and Selling

In related news, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction 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 sale, the director now owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,159 shares of company stock valued at $5,603,843 over the last ninety days. Insiders own 0.60% of the company's stock.

Linde Stock Performance

Shares of NASDAQ:LIN traded down $0.40 on Monday, hitting $448.00. 1,641,573 shares of the company were exchanged, compared to its average volume of 1,949,428. The firm has a market capitalization of $211.86 billion, a price-to-earnings ratio of 32.92, 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 plc has a one year low of $408.65 and a one year high of $487.49. The company's 50 day moving average price is $454.36 and its two-hundred day moving average price is $450.24.

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

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.34%. Linde's dividend payout ratio is 44.09%.

About Linde

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.