Evoke Wealth LLC Sells 1,001 Shares of Linde plc (NASDAQ:LIN)

Evoke Wealth LLC lessened its position in shares of Linde plc (NASDAQ:LIN) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,863 shares of the basic materials company’s stock after selling 1,001 shares during the quarter. Evoke Wealth LLC’s holdings in Linde were worth $7,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Horizon Investments LLC lifted its holdings in shares of Linde by 1.6% during the 4th quarter. Horizon Investments LLC now owns 12,710 shares of the basic materials company’s stock valued at $5,321,000 after purchasing an additional 204 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Linde by 11.6% in the fourth quarter. Advisors Asset Management Inc. now owns 24,113 shares of the basic materials company’s stock valued at $10,095,000 after buying an additional 2,507 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Linde by 135.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 91,374 shares of the basic materials company’s stock valued at $38,416,000 after buying an additional 52,511 shares during the last quarter. RD Lewis Holdings Inc. acquired a new stake in Linde in the fourth quarter worth about $1,249,000. Finally, Primecap Management Co. CA increased its holdings in shares of Linde by 0.4% during the fourth quarter. Primecap Management Co. CA now owns 277,000 shares of the basic materials company’s stock valued at $115,972,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.1 %

Shares of NASDAQ:LIN opened at $460.31 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $217.69 billion, a PE ratio of 33.82, a PEG ratio of 3.08 and a beta of 0.94. The business has a 50 day moving average of $449.61 and a two-hundred day moving average of $454.70. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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, analysts forecast that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $1.50 dividend. The ex-dividend date is Thursday, March 13th. This is a boost from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s payout ratio is 44.09%.

Analysts Set New Price Targets

LIN has been the subject of a number of recent analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup dropped their price objective 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. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Transactions at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the sale, the vice president now directly owns 1,300 shares of the company’s stock, valued at $610,662. This represents a 65.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,159 shares of company stock valued at $5,603,843 in the last three months. 0.60% of the stock is currently owned by company insiders.

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.