Moody Lynn & Lieberson LLC Has $27.03 Million Stake in Linde plc (NASDAQ:LIN)

Moody Lynn & Lieberson LLC grew its stake in Linde plc (NASDAQ:LIN) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,565 shares of the basic materials company’s stock after buying an additional 332 shares during the period. Linde accounts for about 1.7% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 19th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Linde were worth $27,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIN. Trifecta Capital Advisors LLC increased its stake in shares of Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares in the last quarter. Prentice Wealth Management LLC raised its holdings in shares of Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the period. Quotient Wealth Partners LLC boosted its position in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its stake in shares of Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after buying an additional 23 shares during the period. Finally, CVA Family Office LLC increased its position in Linde by 2.9% in the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Down 0.4 %

Shares of LIN opened at $439.25 on Friday. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a market capitalization of $209.15 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.74 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 firm’s 50 day simple moving average is $435.45 and its 200 day simple moving average is $453.05.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIN. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on 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 completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.