Cyrus J. Lawrence LLC Has $8.30 Million Stake in Linde plc (NASDAQ:LIN)

Cyrus J. Lawrence LLC decreased its position in Linde plc (NASDAQ:LIN) by 0.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,818 shares of the basic materials company’s stock after selling 68 shares during the period. Linde makes up approximately 1.6% of Cyrus J. Lawrence LLC’s holdings, making the stock its 29th biggest position. Cyrus J. Lawrence LLC’s holdings in Linde were worth $8,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Linde by 1.4% in the third quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after buying an additional 154,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Linde by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,105,290 shares of the basic materials company’s stock valued at $1,300,092,000 after purchasing an additional 89,408 shares during the period. Nordea Investment Management AB raised its holdings in shares of Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares during the period. Finally, Alphinity Investment Management Pty Ltd raised its holdings in shares of Linde by 3.0% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 1,680,279 shares of the basic materials company’s stock valued at $703,482,000 after purchasing an additional 49,374 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly owns 14,765 shares of the company’s stock, valued at $6,786,289.30. This represents a 31.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David P. Strauss sold 2,477 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares of the company’s stock, valued at $610,662. This represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,159 shares of company stock valued at $5,603,843. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Up 0.1 %

NASDAQ:LIN opened at $458.33 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The firm has a 50-day moving average of $452.96 and a 200-day moving average of $454.49. The company has a market cap of $216.75 billion, a PE ratio of 33.68, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49.

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

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.31%. This is an increase from Linde’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Thursday, March 13th. Linde’s dividend payout ratio is presently 44.09%.

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.