Linde plc (NASDAQ:LIN) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC raised its position in Linde plc (NASDAQ:LIN - Free Report) by 59.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,959 shares of the basic materials company's stock after purchasing 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LIN. Synergy Asset Management LLC acquired a new position in shares of Linde during the 4th quarter worth about $25,000. Rakuten Securities Inc. boosted its holdings in Linde by 1,160.0% in the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Linde in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates raised its holdings in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Linde during the 4th quarter worth approximately $34,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

NASDAQ:LIN traded up $1.70 during midday trading on Wednesday, reaching $452.28. The stock had a trading volume of 551,957 shares, compared to its average volume of 1,943,885. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a market cap of $213.89 billion, a P/E ratio of 33.23, a P/E/G ratio of 3.08 and a beta of 0.94. The firm has a fifty day simple moving average of $453.85 and a two-hundred day simple moving average of $450.06. Linde plc has a 12-month low of $408.65 and a 12-month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. On average, equities analysts expect that Linde plc will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Wednesday, June 4th. Linde's dividend payout ratio is presently 44.09%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Linde news, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now owns 14,765 shares of the company's stock, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,159 shares of company stock worth $5,603,843. 0.60% of the stock is owned by corporate insiders.

Linde Company 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.