Moody Lynn & Lieberson LLC Has $27.03 Million Stock Position in Linde plc (NASDAQ:LIN)

Moody Lynn & Lieberson LLC boosted its stake in shares of Linde plc (NASDAQ:LIN) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 64,565 shares of the basic materials company’s stock after buying an additional 332 shares during the period. Linde makes up approximately 1.7% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 19th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Linde were worth $27,031,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kozak & Associates Inc. bought a new stake in Linde during the 3rd quarter worth about $34,000. Global Wealth Strategies & Associates increased its position in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Linde during the fourth quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in Linde during the third quarter valued at approximately $43,000. Finally, Voisard Asset Management Group Inc. grew its stake in Linde by 1,733.3% in the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 104 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LIN shares. 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 report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

Linde Stock Performance

NASDAQ:LIN opened at $439.25 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a market cap of $209.15 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 2.74 and a beta of 0.94. The stock has a fifty day moving average price of $435.45 and a 200-day moving average price of $453.05.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.63 earnings per share. As a group, equities analysts anticipate that Linde plc will post 15.45 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced 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 yield of 1.27%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is presently 42.22%.

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.