Elios Financial Group Inc. Sells 415 Shares of Linde plc (NASDAQ:LIN)

by · The Cerbat Gem

Elios Financial Group Inc. lessened its holdings in Linde plc (NASDAQ:LIN – Free Report) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,646 shares of the basic materials company’s stock after selling 415 shares during the quarter. Elios Financial Group Inc.’s holdings in Linde were worth $1,108,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LIN. Helios Capital Management PTE. Ltd. raised its stake in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after acquiring an additional 1,150 shares during the last quarter. Channel Wealth LLC increased its holdings in Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the period. Nordea Investment Management AB raised its position in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in Linde during the 4th quarter worth about $625,000. Finally, Signet Financial Management LLC acquired a new position in Linde during the 4th quarter worth about $749,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LIN. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Sanford C. Bernstein upgraded shares of Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Get Our Latest Report on Linde

Linde Stock Down 3.2 %

Shares of NASDAQ LIN opened at $431.88 on Friday. Linde plc has a 12-month low of $408.65 and a 12-month high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm has a market cap of $204.24 billion, a PE ratio of 31.73, a P/E/G ratio of 3.08 and a beta of 0.94. The company’s fifty day simple moving average is $456.55 and its 200 day simple moving average is $452.25.

Linde (NASDAQ:LIN – Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $1.50 per share. This is an increase from Linde’s previous quarterly dividend of $1.39. The ex-dividend date was Thursday, March 13th. This represents a $6.00 annualized dividend and a dividend yield of 1.39%. Linde’s payout ratio is currently 44.09%.

Insider Transactions at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction dated 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 in the company, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. The trade was a 17.15 % 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 valued at $5,603,843 over the last ninety days. 0.60% of the stock is owned by company insiders.

About Linde

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc (NASDAQ:LIN – Free Report).