Parallel Advisors LLC Sells 220 Shares of Linde plc (NASDAQ:LIN)

Parallel Advisors LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,129 shares of the basic materials company’s stock after selling 220 shares during the period. Parallel Advisors LLC’s holdings in Linde were worth $2,566,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Synergy Asset Management LLC acquired a new position in Linde during the fourth quarter worth approximately $25,000. Rakuten Securities Inc. boosted its stake in shares of Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 58 shares during the period. Global Wealth Strategies & Associates increased its holdings in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Linde in the 4th quarter valued at $34,000. Finally, Kozak & Associates Inc. raised its stake in Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of several research reports. Erste Group Bank reiterated a “hold” rating on shares of Linde in a 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 on the stock in a research note on Wednesday, December 18th. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Up 1.1 %

Shares of 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. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The firm’s 50 day moving average is $449.61 and its 200-day moving average is $454.70. The stock has a market capitalization of $217.69 billion, a PE ratio of 33.82, a P/E/G ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Equities research analysts forecast that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

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

Insiders Place Their Bets

In other news, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the firm’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 completion of the sale, the vice president now directly owns 1,300 shares in the company, valued at $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,159 shares of company stock worth $5,603,843 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

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.