Callan Family Office LLC Acquires Shares of 3,442 Linde plc (NASDAQ:LIN)

Callan Family Office LLC purchased a new stake in Linde plc (NASDAQ:LIN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,442 shares of the basic materials company’s stock, valued at approximately $1,441,000.

Other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC acquired a new stake in shares of Linde in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC bought a new position in Linde in the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates increased its stake in Linde by 144.8% during 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 during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Linde during the 4th quarter worth about $34,000. Finally, Kozak & Associates Inc. lifted its stake in shares of Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares during the period. 82.80% of the stock is owned by institutional investors.

Insider Transactions at Linde

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,377 shares of company stock worth $6,567,231. 0.60% of the stock is owned by insiders.

Linde Stock Up 0.6 %

LIN stock opened at $468.77 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The firm has a market cap of $221.69 billion, a PE ratio of 34.44, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a fifty day simple moving average of $444.80 and a 200 day simple moving average of $455.31.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Sell-side analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $1.50 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 1.28%. Linde’s dividend payout ratio (DPR) is currently 44.09%.

Analyst Ratings Changes

LIN has been the topic of a number of research analyst reports. Citigroup lowered their price objective 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. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

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.