Neville Rodie & Shaw Inc. Sells 105 Shares of Linde plc (NASDAQ:LIN)

Neville Rodie & Shaw Inc. lessened its holdings in Linde plc (NASDAQ:LIN) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,639 shares of the basic materials company’s stock after selling 105 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Linde were worth $5,710,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LIN. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Linde during the second quarter worth $33,000. Kozak & Associates Inc. bought a new stake in Linde during the third quarter worth $34,000. Capital Performance Advisors LLP bought a new stake in Linde during the third quarter worth $43,000. Finally, Hazlett Burt & Watson Inc. raised its position in Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.4 %

NASDAQ:LIN traded up $1.84 on Monday, reaching $415.34. 670,136 shares of the stock traded hands, compared to its average volume of 1,568,811. The firm has a market capitalization of $197.77 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. The company’s 50 day moving average is $445.07 and its 200-day moving average is $454.18. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion during 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%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 EPS. Equities research analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal 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 issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.34%. Linde’s payout ratio is currently 42.22%.

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, BMO Capital Markets upped their price target 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $490.75.

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.