SageView Advisory Group LLC Has $1.90 Million Stock Holdings in Linde plc (NASDAQ:LIN)

SageView Advisory Group LLC boosted its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,533 shares of the basic materials company's stock after buying an additional 704 shares during the quarter. SageView Advisory Group LLC's holdings in Linde were worth $1,898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in Linde during the fourth quarter valued at approximately $2,901,853,000. Proficio Capital Partners LLC raised its holdings in shares of Linde by 56,467.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,097,982 shares of the basic materials company's stock valued at $459,692,000 after purchasing an additional 1,096,041 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Linde by 2,293.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company's stock worth $327,593,000 after purchasing an additional 749,763 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Linde during the fourth quarter worth $308,251,000. Finally, Caisse Des Depots ET Consignations bought a new position in Linde during the fourth quarter valued at about $306,585,000. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Up 0.9 %

NASDAQ LIN traded up $4.13 on Friday, reaching $452.12. The company had a trading volume of 1,726,051 shares, compared to its average volume of 1,946,714. The stock has a market cap of $213.81 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 52 week low of $408.65 and a 52 week high of $487.49. The stock's 50 day moving average is $455.45 and its 200-day moving average is $451.21. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Equities analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $1.50 dividend. This is an increase from Linde's previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 13th. Linde's dividend payout ratio is 44.09%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of analyst reports. TD Cowen raised Linde from a "hold" rating to a "buy" rating and increased their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Argus upgraded Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $498.00.

Insider Transactions at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction 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. This represents a 17.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David P. Strauss sold 2,477 shares of the company'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 transaction, the vice president now directly owns 1,300 shares of the company's stock, valued at $610,662. This represents a 65.58 % 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 valued at $5,603,843 over the last 90 days. 0.60% of the stock is owned by company insiders.

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.