Linde (NASDAQ:LIN) Stock Acquired Rep. Jared Moskowitz

Representative Jared Moskowitz (D-Florida) recently bought shares of Linde plc (NASDAQ:LIN). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Linde stock on November 8th. The trade occurred in the Representative’s “MORGAN STANLEY ACTIVE ASSETS (5)” account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Elevance Health (NYSE:ELV) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Tractor Supply (NASDAQ:TSCO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 11/8/2024.
• Sold $50,001 – $100,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.
• Sold $15,001 – $50,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.

Linde Price Performance

Linde stock opened at $442.58 on Tuesday. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The stock has a market cap of $210.74 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. The firm has a 50-day moving average of $464.12 and a two-hundred day moving average of $455.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.63 EPS. On average, research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.26%. Linde’s dividend payout ratio (DPR) is 42.22%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LIN shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $490.75.

Institutional Investors Weigh In On Linde

A number of hedge funds have recently modified their holdings of LIN. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after acquiring an additional 2,312 shares during the last quarter. Townsquare Capital LLC raised its position in Linde by 16.8% in the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after purchasing an additional 1,383 shares during the period. Waverton Investment Management Ltd lifted its stake in Linde by 0.9% during the third quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock worth $93,457,000 after purchasing an additional 1,811 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Linde by 3.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock valued at $22,616,000 after buying an additional 1,564 shares in the last quarter. Finally, M&G Plc lifted its stake in Linde by 1.2% during the 2nd quarter. M&G Plc now owns 185,903 shares of the basic materials company’s stock worth $81,611,000 after acquiring an additional 2,252 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company insiders.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida’s 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state’s Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor’s degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz’s career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

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.