Linde plc (NASDAQ:LIN) Shares Acquired by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC lifted its position in shares of Linde plc (NASDAQ:LIN) by 9.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,373 shares of the basic materials company’s stock after buying an additional 625 shares during the period. Linde makes up approximately 1.2% of Brown Miller Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Brown Miller Wealth Management LLC’s holdings in Linde were worth $3,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIN. Howard Capital Management Group LLC acquired a new stake in Linde in the 3rd quarter valued at approximately $252,000. Impax Asset Management Group plc boosted its position in Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after buying an additional 56,775 shares during the period. Harbour Investments Inc. boosted its position in Linde by 3.1% in the 3rd quarter. Harbour Investments Inc. now owns 1,736 shares of the basic materials company’s stock valued at $828,000 after buying an additional 52 shares during the period. GSA Capital Partners LLP purchased a new position in Linde in the 3rd quarter valued at approximately $1,280,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in Linde by 29.4% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,100 shares of the basic materials company’s stock valued at $530,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,477 shares of the company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the sale, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,377 shares of company stock valued at $6,567,231. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of several recent research reports. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Trading Up 0.5 %

Shares of Linde stock opened at $453.26 on Friday. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. 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 company’s 50-day simple moving average is $447.82 and its 200-day simple moving average is $455.12. The firm has a market cap of $214.35 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings results 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 net margin of 19.89% and a return on equity of 18.71%. As a group, equities research analysts anticipate that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a yield of 1.32%. This is an increase from Linde’s previous quarterly dividend of $1.39. Linde’s payout ratio is currently 44.09%.

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.