Mizuho Markets Americas LLC Has $5.12 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Mizuho Markets Americas LLC raised its stake in Linde plc (NASDAQ:LIN - Free Report) by 50.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,472 shares of the basic materials company's stock after acquiring an additional 4,181 shares during the period. Mizuho Markets Americas LLC's holdings in Linde were worth $5,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Provence Wealth Management Group bought a new position in shares of Linde in the 3rd quarter valued at $29,000. Addison Advisors LLC increased its stake in shares of Linde by 310.0% in the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 62 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Linde by 347.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 73 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Linde by 42.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 38 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Linde in the 4th quarter valued at $53,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Up 0.7 %

Shares of NASDAQ:LIN traded up $2.83 during midday trading on Friday, reaching $432.52. The company's stock had a trading volume of 1,150,669 shares, compared to its average volume of 1,820,860. The firm has a market capitalization of $207.90 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 2.85 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. The firm has a 50 day moving average price of $450.70 and a two-hundred day moving average price of $427.19. Linde plc has a fifty-two week low of $350.60 and a fifty-two week high of $477.71.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.68 by $0.07. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.42 EPS. As a group, analysts forecast that Linde plc will post 15.5 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders 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 dividend yield of 1.29%. The ex-dividend date is Tuesday, June 4th. Linde's dividend payout ratio is 43.13%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research reports. TD Cowen boosted their price objective on Linde from $395.00 to $455.00 and gave the stock a "market perform" rating in a research report on Friday, February 16th. Stifel Nicolaus lowered Linde from a "buy" rating to a "hold" rating and set a $429.00 price objective on the stock. in a research report on Monday, January 22nd. BMO Capital Markets reduced their price objective on Linde from $510.00 to $475.00 and set an "outperform" rating on the stock in a research report on Monday, May 6th. Wells Fargo & Company boosted their price objective on Linde from $480.00 to $540.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. Finally, HSBC reduced their price objective on Linde from $458.00 to $452.00 and set a "buy" rating on the stock in a research report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $468.83.

Insider Activity

In related news, CEO Sanjiv Lamba sold 8,306 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total transaction of $3,837,704.24. Following the transaction, the chief executive officer now directly owns 56,398 shares of the company's stock, valued at approximately $26,058,131.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Sean Durbin sold 5,277 shares of the company's stock in a transaction that occurred 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 transaction, the vice president now directly owns 8,151 shares of the company's stock, valued at approximately $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sanjiv Lamba sold 8,306 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the transaction, the chief executive officer now directly owns 56,398 shares in the company, valued at $26,058,131.92. The disclosure for this sale can be found here. Insiders have sold 77,948 shares of company stock valued at $35,687,605 in the last ninety days. 0.70% 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.

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