Linde plc (NASDAQ:LIN) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lessened its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,164 shares of the basic materials company's stock after selling 1,965 shares during the period. Linde comprises approximately 2.8% of Guyasuta Investment Advisors Inc.'s investment portfolio, making the stock its 11th biggest position. Guyasuta Investment Advisors Inc.'s holdings in Linde were worth $38,674,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LIN. Carmel Capital Partners LLC purchased a new stake in shares of Linde in the third quarter valued at approximately $26,000. Annapolis Financial Services LLC raised its stake in Linde by 122.6% in the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company's stock worth $26,000 after buying an additional 38 shares in the last quarter. Provence Wealth Management Group bought a new position in Linde in the third quarter worth approximately $29,000. Addison Advisors LLC raised its stake in Linde by 310.0% in the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company's stock worth $34,000 after buying an additional 62 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in Linde by 42.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company's stock worth $48,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Shares of LIN traded up $1.89 during trading hours on Monday, reaching $445.07. 1,260,294 shares of the company traded hands, compared to its average volume of 2,197,388. The stock has a market capitalization of $214.34 billion, a P/E ratio of 35.32, a P/E/G ratio of 2.89 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. Linde plc has a 12-month low of $350.60 and a 12-month high of $477.71. The business has a fifty day moving average price of $456.33 and a 200-day moving average price of $421.82.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating analysts' consensus estimates of $3.49 by $0.10. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.16 earnings per share. Equities analysts anticipate that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.39 per share. The ex-dividend date was Wednesday, March 13th. This is a positive change from Linde's previous quarterly dividend of $0.88. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. Linde's payout ratio is 44.13%.

Insider Activity

In other Linde news, SVP Oliver Pfann sold 300 shares of the company's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Linde news, SVP Oliver Pfann sold 300 shares of the company's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew J. White sold 51,231 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the completion of the sale, the chief financial officer now directly owns 57,634 shares in the company, valued at $26,271,882.56. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock valued at $35,811,988 over the last ninety days. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on LIN. TD Cowen boosted their price objective on shares of Linde from $395.00 to $455.00 and gave the stock a "market perform" rating in a research note on Friday, February 16th. Mizuho raised shares of Linde from a "neutral" rating to a "buy" rating and set a $510.00 price objective for the company in a research note on Thursday, April 18th. Wells Fargo & Company boosted their price objective on shares of Linde from $480.00 to $540.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. UBS Group downgraded shares of Linde from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Finally, Stifel Nicolaus downgraded Linde from a "buy" rating to a "hold" rating and set a $429.00 price target on the stock. in a research report on Monday, January 22nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $460.00.

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.