Linde plc (NASDAQ:LIN) Shares Bought by Zeno Equity Partners LLP

Zeno Equity Partners LLP increased its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,378 shares of the basic materials company's stock after purchasing an additional 2,734 shares during the period. Linde makes up 9.3% of Zeno Equity Partners LLP's portfolio, making the stock its 6th biggest position. Zeno Equity Partners LLP's holdings in Linde were worth $31,140,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC acquired a new stake in Linde in the 3rd quarter valued at approximately $252,000. AMG National Trust Bank raised its position in Linde by 4.5% in the 3rd quarter. AMG National Trust Bank now owns 3,391 shares of the basic materials company's stock valued at $1,617,000 after buying an additional 146 shares during the last quarter. MAI Capital Management raised its position in Linde by 1.8% in the 3rd quarter. MAI Capital Management now owns 28,890 shares of the basic materials company's stock valued at $13,777,000 after buying an additional 521 shares during the last quarter. GLOBALT Investments LLC GA raised its position in Linde by 2.1% in the 3rd quarter. GLOBALT Investments LLC GA now owns 3,341 shares of the basic materials company's stock valued at $1,593,000 after buying an additional 70 shares during the last quarter. Finally, Aviance Capital Partners LLC raised its position in Linde by 0.4% in the 3rd quarter. Aviance Capital Partners LLC now owns 18,876 shares of the basic materials company's stock valued at $9,001,000 after buying an additional 73 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

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Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,477 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the completion of the sale, the vice president now owns 1,300 shares in the company, valued at $610,662. The trade was a 65.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now owns 14,013 shares of the company's stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,159 shares of company stock valued at $5,603,843 in the last quarter. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TD Cowen raised Linde from a "hold" rating to a "buy" rating and lifted their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $501.82.

Linde Stock Up 0.1 %

Shares of NASDAQ:LIN traded up $0.58 during trading on Friday, hitting $458.33. 4,967,504 shares of the company were exchanged, compared to its average volume of 1,723,335. The stock has a market cap of $216.75 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The firm has a fifty day moving average price of $452.96 and a two-hundred day moving average price of $454.23. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results 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%. As a group, research analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $1.50 per share. This is an increase from Linde's previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $6.00 annualized dividend and a yield of 1.31%. Linde's dividend payout ratio (DPR) is currently 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.