Avior Wealth Management LLC Sells 80 Shares of Linde plc (NASDAQ:LIN)

Avior Wealth Management LLC decreased its position in Linde plc (NASDAQ:LIN) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 987 shares of the basic materials company’s stock after selling 80 shares during the quarter. Avior Wealth Management LLC’s holdings in Linde were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in LIN. Norges Bank purchased a new position in shares of Linde in the 4th quarter worth approximately $2,409,138,000. Winder Pte. Ltd. purchased a new position in shares of Linde in the 3rd quarter worth approximately $1,892,774,000. WCM Investment Management LLC boosted its holdings in shares of Linde by 888.7% in the 1st quarter. WCM Investment Management LLC now owns 3,741,529 shares of the basic materials company’s stock worth $1,329,889,000 after purchasing an additional 3,363,112 shares during the period. Morgan Stanley boosted its holdings in shares of Linde by 55.9% in the 4th quarter. Morgan Stanley now owns 5,457,759 shares of the basic materials company’s stock worth $1,780,213,000 after purchasing an additional 1,956,394 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Linde by 450.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,141,656 shares of the basic materials company’s stock worth $698,566,000 after purchasing an additional 1,752,456 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LIN. Citigroup cut Linde from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. TD Cowen boosted their price objective on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Wolfe Research began coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Mizuho upgraded Linde from a “neutral” rating to a “buy” rating and set a $510.00 price objective for the company in a report on Thursday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $456.79.

Linde Price Performance

Shares of LIN stock opened at $446.43 on Friday. Linde plc has a twelve month low of $350.60 and a twelve month high of $477.71. The stock has a market capitalization of $214.99 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.92 and a beta of 0.93. The stock has a fifty day simple moving average of $453.35 and a two-hundred day simple moving average of $417.76. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33.

Linde (NASDAQ:LIN) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the prior year, the business earned $3.16 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts predict that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. This is a boost from Linde’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Wednesday, March 13th. Linde’s dividend payout ratio is currently 44.13%.

Insiders Place Their Bets

In other Linde news, SVP Oliver Pfann sold 300 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was 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 this link. In other news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction on 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 transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is currently owned by company insiders.

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.