Vanguard Personalized Indexing Management LLC Purchases 3,275 Shares of Linde plc (NASDAQ:LIN)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,131 shares of the basic materials company's stock after buying an additional 3,275 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Linde were worth $13,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIN. Clear Harbor Asset Management LLC lifted its position in Linde by 1.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company's stock valued at $575,000 after purchasing an additional 25 shares during the last quarter. Claro Advisors LLC lifted its position in Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company's stock valued at $951,000 after purchasing an additional 25 shares during the last quarter. Fort Point Capital Partners LLC lifted its position in Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company's stock valued at $516,000 after purchasing an additional 26 shares during the last quarter. Seven Mile Advisory lifted its position in Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company's stock valued at $238,000 after purchasing an additional 26 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its holdings in shares of Linde by 1.0% in the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company's stock worth $1,057,000 after acquiring an additional 26 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Linde from $395.00 to $455.00 and gave the stock a "market perform" rating in a report on Friday, February 16th. Wells Fargo & Company raised their target price on shares of Linde from $480.00 to $540.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Mizuho raised their target price on shares of Linde from $510.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. Wolfe Research assumed coverage on shares of Linde in a report on Friday, March 1st. They issued a "peer perform" rating for the company. Finally, UBS Group lowered shares of Linde from a "buy" rating to a "neutral" rating and raised their target price for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $468.83.

Linde Stock Down 0.3 %

Shares of Linde stock traded down $1.29 on Wednesday, reaching $430.82. The stock had a trading volume of 1,745,165 shares, compared to its average volume of 2,168,139. The company has a 50 day moving average price of $452.67 and a 200 day moving average price of $426.45. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. Linde plc has a 1 year low of $350.60 and a 1 year high of $477.71. The stock has a market capitalization of $207.09 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.88 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.68 by $0.07. The firm had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.42 EPS. As a group, equities research analysts forecast that Linde plc will post 15.49 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde's dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling

In related news, VP Sean Durbin sold 5,277 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Sanjiv Lamba sold 8,306 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $462.04, for a total value of $3,837,704.24. Following the completion of the transaction, the chief executive officer now directly owns 56,398 shares in the company, valued at approximately $26,058,131.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Sean Durbin sold 5,277 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the sale, the vice president now directly owns 8,151 shares of the company's stock, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. Insiders sold 77,948 shares of company stock worth $35,687,605 in the last three months. Corporate insiders own 0.70% of the company's stock.

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.

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