Enclave Advisors LLC Invests $219,000 in Linde plc (NASDAQ:LIN)

Enclave Advisors LLC purchased a new stake in Linde plc (NASDAQ:LIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 524 shares of the basic materials company’s stock, valued at approximately $219,000.

Other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates lifted its holdings in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Kozak & Associates Inc. bought a new position in Linde during the 3rd quarter valued at about $34,000. Retirement Wealth Solutions LLC bought a new position in Linde during the 4th quarter valued at about $34,000. Capital Performance Advisors LLP bought a new position in Linde during the 3rd quarter valued at about $43,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Linde during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research analyst reports. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $495.75.

Insider Transactions at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Up 1.5 %

Shares of NASDAQ LIN opened at $442.46 on Wednesday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a market capitalization of $210.68 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.70 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company’s 50 day simple moving average is $436.44 and its 200 day simple moving average is $453.14.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the business posted $3.63 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Linde plc will post 15.45 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.22%.

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.