Nebula Research & Development LLC Increases Stock Holdings in Linde plc (NASDAQ:LIN)

Nebula Research & Development LLC increased its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 178.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,871 shares of the basic materials company's stock after purchasing an additional 4,401 shares during the period. Nebula Research & Development LLC's holdings in Linde were worth $2,877,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Helios Capital Management PTE. Ltd. boosted its holdings in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company's stock worth $1,047,000 after acquiring an additional 1,150 shares during the period. Channel Wealth LLC boosted its holdings in shares of Linde by 30.4% during the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company's stock worth $3,092,000 after acquiring an additional 1,723 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company's stock worth $898,188,000 after acquiring an additional 46,843 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Linde by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company's stock valued at $88,505,000 after buying an additional 1,320 shares in the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Linde in the fourth quarter valued at approximately $625,000. Institutional investors own 82.80% of the company's stock.

Linde Trading Up 0.5 %

Linde stock traded up $2.28 during trading hours on Wednesday, hitting $452.86. The stock had a trading volume of 695,273 shares, compared to its average volume of 1,944,358. 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 $214.16 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a one year low of $408.65 and a one year high of $487.49. The business's 50 day simple moving average is $453.85 and its 200-day simple moving average is $450.06.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, equities 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 given a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.32%. Linde's dividend payout ratio (DPR) is 44.09%.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the sale, the vice president now owns 1,300 shares of the company's stock, valued at approximately $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 14,013 shares of the company's stock, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,159 shares of company stock valued at $5,603,843 over the last 90 days. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of analyst reports. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. TD Cowen upgraded shares of Linde from a "hold" rating to a "buy" rating and lifted their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Linde currently has an average rating of "Moderate Buy" and an average price target of $498.00.

About Linde

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.