Boyd Watterson Asset Management LLC OH Has $3.15 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Boyd Watterson Asset Management LLC OH decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 7,668 shares of the basic materials company’s stock after selling 37 shares during the period. Linde makes up approximately 1.2% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 22nd largest holding. Boyd Watterson Asset Management LLC OH’s holdings in Linde were worth $3,149,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LIN. Clear Harbor Asset Management LLC raised its position in shares of Linde by 1.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 25 shares during the period. Claro Advisors LLC grew its holdings in Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock worth $951,000 after buying an additional 25 shares in the last quarter. Fort Point Capital Partners LLC grew its holdings in Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock worth $516,000 after buying an additional 26 shares in the last quarter. Seven Mile Advisory grew its holdings in Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock worth $238,000 after buying an additional 26 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. grew its holdings in Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock worth $1,057,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the transaction, the vice president now directly owns 6,920 shares in the company, valued at approximately $3,177,248.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is owned by corporate insiders.

Linde Stock Down 0.1 %

NASDAQ:LIN traded down $0.65 during trading hours on Friday, reaching $443.18. 1,583,773 shares of the company traded hands, compared to its average volume of 1,507,545. Linde plc has a 1 year low of $350.60 and a 1 year high of $477.71. The business’s 50-day moving average price is $456.06 and its two-hundred day moving average price is $420.75. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $213.43 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.90 and a beta of 0.93.

Linde (NASDAQ:LIN) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. Linde’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.16 earnings per share. Analysts predict that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. This is a boost from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio (DPR) is currently 44.13%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group downgraded Linde from a “buy” rating to a “neutral” rating and upped their price objective for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Wolfe Research started coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Linde has an average rating of “Moderate Buy” and an average price target of $456.79.

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.