1,560 Shares in Linde plc (NASDAQ:LIN) Purchased by Shelton Wealth Management LLC

Shelton Wealth Management LLC purchased a new stake in shares of Linde plc (NASDAQ:LIN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,560 shares of the basic materials company's stock, valued at approximately $653,000.

Other large investors have also recently modified their holdings of the company. Wallington Asset Management LLC grew its position in Linde by 1.1% in the 4th quarter. Wallington Asset Management LLC now owns 71,590 shares of the basic materials company's stock worth $29,973,000 after purchasing an additional 785 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in shares of Linde by 1.9% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,813 shares of the basic materials company's stock valued at $1,178,000 after buying an additional 52 shares during the period. Trium Capital LLP boosted its stake in shares of Linde by 28.8% in the 4th quarter. Trium Capital LLP now owns 4,962 shares of the basic materials company's stock worth $2,077,000 after buying an additional 1,110 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Linde in the fourth quarter worth $34,000. Finally, Brooklyn Investment Group increased its position in Linde by 7.5% during the fourth quarter. Brooklyn Investment Group now owns 3,312 shares of the basic materials company's stock valued at $1,386,000 after acquiring an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LIN. TD Cowen raised Linde from a "hold" rating to a "buy" rating and raised their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a report on Wednesday, December 18th. Mizuho lifted their price target 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, BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Linde currently has an average rating of "Moderate Buy" and a consensus price target of $495.75.

Linde Stock Performance

LIN stock traded up $3.51 during trading on Friday, reaching $436.00. The company had a trading volume of 2,395,144 shares, compared to its average volume of 2,152,630. The company has a market cap of $207.61 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a 50-day simple moving average of $436.85 and a 200-day simple moving average of $452.97.

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

Linde Dividend Announcement

The business also recently declared 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 dividend payout ratio is currently 42.22%.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares of the company's stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

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.