Clarendon Private LLC Acquires Shares of 1,989 Linde plc (NASDAQ:LIN)

Clarendon Private LLC purchased a new stake in Linde plc (NASDAQ:LIN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,989 shares of the basic materials company’s stock, valued at approximately $833,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Linde by 372.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after acquiring an additional 2,592,682 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after buying an additional 934,123 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after acquiring an additional 749,763 shares during the last quarter. AMF Tjanstepension AB boosted its holdings in shares of Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of a number of recent analyst reports. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen raised 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. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insiders Place Their Bets

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % 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 Trading Down 0.4 %

Shares of LIN stock opened at $439.25 on Friday. The stock has a market capitalization of $209.15 billion, a PE ratio of 33.35, a P/E/G ratio of 2.74 and a beta of 0.94. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. 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 business has a 50-day moving average of $435.45 and a 200 day moving average of $453.05.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $3.63 EPS. As a group, sell-side analysts anticipate that Linde plc will post 15.45 earnings per share for the current year.

Linde Dividend Announcement

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

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.