Jackson Square Capital LLC Sells 304 Shares of Linde plc (NASDAQ:LIN)

Jackson Square Capital LLC decreased its position in shares of Linde plc (NASDAQ:LIN) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,202 shares of the basic materials company’s stock after selling 304 shares during the quarter. Linde makes up 1.1% of Jackson Square Capital LLC’s investment portfolio, making the stock its 26th largest position. Jackson Square Capital LLC’s holdings in Linde were worth $4,690,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates grew its stake in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter worth $34,000. Retirement Wealth Solutions LLC purchased a new position in shares of Linde in the fourth quarter valued at $34,000. Capital Performance Advisors LLP bought a new stake in shares of Linde during the 3rd quarter valued at $43,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Linde during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.8 %

LIN opened at $436.00 on Friday. The business’s fifty day simple moving average is $436.85 and its 200 day simple moving average is $452.82. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $207.61 billion, a PE ratio of 33.11, a P/E/G ratio of 2.42 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate 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 company’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.63 EPS. As a group, research analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insider Transactions at Linde

In related news, Director Paula Rosput Reynolds acquired 100 shares of the firm’s 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 completion of the acquisition, the director now owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup lowered their target price 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. Mizuho boosted their price target 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. Finally, BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $495.75.

Linde 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.