Burling Wealth Partners LLC Buys Shares of 3,149 Linde plc (NASDAQ:LIN)

Burling Wealth Partners LLC purchased a new position in shares of Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,149 shares of the basic materials company's stock, valued at approximately $1,319,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wrapmanager Inc. grew its position in shares of Linde by 1.3% in the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock valued at $709,000 after purchasing an additional 22 shares during the period. Knuff & Co LLC raised its stake in shares of Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock valued at $114,000 after purchasing an additional 22 shares during the period. New Age Alpha Advisors LLC lifted its holdings in Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after buying an additional 22 shares in the last quarter. Concord Asset Management LLC VA increased its holdings in Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock worth $1,999,000 after purchasing an additional 23 shares during the last quarter. Finally, Fourpath Capital Management LLC grew its position in shares of Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock worth $1,732,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LIN shares. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and boosted their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Linde currently has an average rating of "Moderate Buy" and an average price target of $498.00.

Linde Stock Up 0.6 %

Shares of Linde stock traded up $2.85 during trading on Tuesday, reaching $450.85. The stock had a trading volume of 459,057 shares, compared to its average volume of 2,374,186. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $213.21 billion, a price-to-earnings ratio of 33.13, a P/E/G 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 has a fifty day moving average price of $454.08 and a two-hundred day moving average price of $450.06.

Linde (NASDAQ:LIN - Get Free Report) last released its 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 net margin of 19.89% and a return on equity of 18.71%. Sell-side analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.33%. Linde's payout ratio is presently 44.09%.

Insider Activity

In other news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated 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 transaction, the director now directly owns 14,013 shares of the company's stock, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Juergen Nowicki sold 6,782 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,159 shares of company stock valued at $5,603,843. 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.