Parkwood LLC Acquires New Holdings in Linde plc (NASDAQ:LIN)

Parkwood LLC bought a new position in Linde plc (NASDAQ:LIN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,424 shares of the basic materials company's stock, valued at approximately $9,807,000.

Other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management grew its stake in shares of Linde by 14.5% during the 4th quarter. Brookstone Capital Management now owns 6,916 shares of the basic materials company's stock valued at $2,896,000 after purchasing an additional 874 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Linde by 15.0% in the fourth quarter. Capital Investment Advisors LLC now owns 1,206 shares of the basic materials company's stock worth $505,000 after buying an additional 157 shares during the last quarter. Cooper Financial Group boosted its holdings in shares of Linde by 16.0% in the fourth quarter. Cooper Financial Group now owns 834 shares of the basic materials company's stock worth $349,000 after buying an additional 115 shares during the last quarter. Traveka Wealth LLC grew its position in Linde by 2.9% during the fourth quarter. Traveka Wealth LLC now owns 1,110 shares of the basic materials company's stock valued at $465,000 after buying an additional 31 shares during the period. Finally, Exeter Financial LLC increased its holdings in Linde by 0.9% during the fourth quarter. Exeter Financial LLC now owns 5,874 shares of the basic materials company's stock valued at $2,459,000 after buying an additional 54 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Insider Buying and Selling

In related news, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now directly owns 14,765 shares of the company's stock, valued at approximately $6,786,289.30. This represents a 31.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares of the company's stock, valued at $610,662. This represents a 65.58% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Argus upgraded Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $503.11.

Linde Price Performance

Shares of Linde stock opened at $450.67 on Wednesday. The company has a market capitalization of $212.14 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 3.08 and a beta of 1.00. 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's 50-day simple moving average is $451.56 and its 200-day simple moving average is $448.05. Linde plc has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The company had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the company earned $3.75 EPS. The firm's quarterly revenue was up .1% on a year-over-year basis. As a group, analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Wednesday, June 4th. Linde's dividend payout ratio (DPR) is presently 43.57%.

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.

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