Nemes Rush Group LLC Has $67,000 Position in Linde plc (NASDAQ:LIN)

Nemes Rush Group LLC lifted its position in Linde plc (NASDAQ:LIN) by 436.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161 shares of the basic materials company’s stock after acquiring an additional 131 shares during the period. Nemes Rush Group LLC’s holdings in Linde were worth $67,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LIN. Synergy Asset Management LLC bought a new stake in shares of Linde in the fourth quarter worth about $25,000. Rakuten Securities Inc. grew its position in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 58 shares during the period. Strategic Financial Concepts LLC bought a new stake in Linde during the 4th quarter worth approximately $28,000. Global Wealth Strategies & Associates raised its holdings in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new position in Linde in the fourth quarter valued at approximately $34,000. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Performance

LIN opened at $469.74 on Thursday. The business’s 50-day simple moving average is $457.72 and its 200 day simple moving average is $454.23. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The firm has a market capitalization of $222.15 billion, a PE ratio of 34.51, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced 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%. As a group, sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, March 13th. This is an increase from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is 44.09%.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 2,477 shares of the company’s stock in a transaction 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 directly owns 1,300 shares in the company, valued at $610,662. The trade was a 65.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,159 shares of company stock worth $5,603,843 in the last ninety days. Insiders own 0.60% of the company’s stock.

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.