State of Alaska Department of Revenue Has $24.04 Million Holdings in Linde plc (NASDAQ:LIN)

State of Alaska Department of Revenue lessened its position in shares of Linde plc (NASDAQ:LIN) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,532 shares of the basic materials company’s stock after selling 5,090 shares during the period. State of Alaska Department of Revenue’s holdings in Linde were worth $24,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clear Harbor Asset Management LLC grew its stake in Linde by 1.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock worth $575,000 after buying an additional 25 shares in the last quarter. Fort Point Capital Partners LLC increased its stake in Linde by 1.9% in the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 26 shares during the last quarter. Seven Mile Advisory increased its stake in Linde by 4.2% in the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after acquiring an additional 26 shares during the last quarter. USA Financial Formulas raised its position in Linde by 7.0% during the third quarter. USA Financial Formulas now owns 411 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 27 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Linde by 12.8% during the second quarter. SRS Capital Advisors Inc. now owns 246 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Mizuho raised their price objective on Linde from $503.00 to $510.00 and gave the company a “neutral” rating in a report on Tuesday. Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a report on Monday, January 22nd. Wolfe Research assumed coverage on Linde in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Wells Fargo & Company upped their target price on Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Finally, TD Cowen lifted their price target on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $448.93.

Insider Activity

In other Linde news, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Oliver Pfann sold 300 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders sold 78,248 shares of company stock worth $35,811,988 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Linde Stock Down 0.4 %

NASDAQ LIN traded down $1.91 during trading hours on Friday, reaching $464.32. 1,784,986 shares of the company’s stock traded hands, compared to its average volume of 4,134,116. Linde plc has a 52-week low of $348.38 and a 52-week high of $477.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67. The firm has a 50-day simple moving average of $439.03 and a 200 day simple moving average of $409.99. The firm has a market cap of $223.61 billion, a PE ratio of 36.85, a PEG ratio of 3.04 and a beta of 0.93.

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

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $1.39 dividend. This is a boost from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, March 13th. Linde’s dividend payout ratio is currently 44.13%.

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.