GSA Capital Partners LLP Takes Position in Linde plc (NYSE:LIN)

May 17, 2023

GSA Capital Partners LLP acquired a new stake in Linde plc (NYSE:LIN - Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,228 shares of the basic materials company's stock, valued at approximately $401,000.

Other large investors also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Linde in the 4th quarter valued at approximately $30,000. Accurate Wealth Management LLC bought a new position in Linde during the 4th quarter worth $35,000. MCF Advisors LLC increased its position in Linde by 46.6% during the 4th quarter. MCF Advisors LLC now owns 107 shares of the basic materials company's stock worth $35,000 after buying an additional 34 shares during the period. Montag A & Associates Inc. increased its position in Linde by 76.7% during the 4th quarter. Montag A & Associates Inc. now owns 106 shares of the basic materials company's stock worth $35,000 after buying an additional 46 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC increased its position in shares of Linde by 80.0% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 117 shares of the basic materials company's stock worth $38,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 78.15% of the company's stock.

NYSE LIN opened at $362.29 on Thursday. The company has a market cap of $177.65 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 2.59 and a beta of 0.84. Linde plc has a 52 week low of $262.47 and a 52 week high of $373.58. The business has a 50 day moving average price of $362.27 and a 200-day moving average price of $343.80. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 0.28.

Linde (NYSE:LIN - Get Rating) last released its quarterly earnings data on Thursday, April 27th. The basic materials company reported $3.42 EPS for the quarter, beating the consensus estimate of $3.12 by $0.30. The firm had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.20 billion. Linde had a return on equity of 15.71% and a net margin of 13.46%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.93 earnings per share. As a group, equities analysts expect that Linde plc will post 13.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be issued a dividend of $1.275 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $5.10 annualized dividend and a yield of 1.41%. Linde's dividend payout ratio (DPR) is currently 56.60%.

In related news, VP David P. Strauss sold 2,194 shares of the company's stock in a transaction on Monday, May 15th. The stock was sold at an average price of $371.02, for a total transaction of $814,017.88. Following the completion of the sale, the vice president now owns 23,939 shares in the company, valued at $8,881,847.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP David P. Strauss sold 2,194 shares of the company's stock in a transaction on Monday, May 15th. The stock was sold at an average price of $371.02, for a total transaction of $814,017.88. Following the completion of the sale, the vice president now owns 23,939 shares in the company, valued at $8,881,847.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 14,648 shares of the company's stock in a transaction on Monday, May 1st. The stock was sold at an average price of $371.55, for a total value of $5,442,464.40. Following the sale, the vice president now owns 27,161 shares of the company's stock, valued at approximately $10,091,669.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,151 shares of company stock worth $23,127,288. 0.70% of the stock is owned by corporate insiders.

A number of research analysts recently commented on the company. UBS Group raised their price target on Linde from $375.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday, March 8th. 888 reissued a "maintains" rating on shares of Linde in a research note on Friday, April 28th. HSBC lifted their price target on Linde from $380.00 to $416.00 in a research note on Monday, May 8th. Barclays lifted their price target on Linde from $380.00 to $400.00 in a research note on Friday, April 28th. Finally, Wells Fargo & Company lifted their price target on Linde from $350.00 to $375.00 and gave the company an "overweight" rating in a research note on Wednesday, February 8th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $380.76.

Linde Plc is a global industrial gases and engineering company. It designs and builds equipment that produces industrial gases. The company also offers gas production and processing services such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.

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