Global Wealth Strategies & Associates Raises Holdings in Linde plc (NASDAQ:LIN)

Global Wealth Strategies & Associates boosted its stake in shares of Linde plc (NASDAQ:LINFree Report) by 144.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71 shares of the basic materials company’s stock after acquiring an additional 42 shares during the quarter. Global Wealth Strategies & Associates’ holdings in Linde were worth $30,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its stake in shares of Linde by 67.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 226,853 shares of the basic materials company’s stock valued at $108,177,000 after purchasing an additional 91,035 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Linde in the third quarter valued at $8,531,000. Inspire Trust Co. N.A. raised its position in shares of Linde by 9.8% in the third quarter. Inspire Trust Co. N.A. now owns 6,020 shares of the basic materials company’s stock worth $2,871,000 after acquiring an additional 536 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in shares of Linde by 618.8% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 99 shares in the last quarter. Finally, Tidal Investments LLC grew its position in shares of Linde by 13.5% during the 3rd quarter. Tidal Investments LLC now owns 20,024 shares of the basic materials company’s stock valued at $9,549,000 after acquiring an additional 2,381 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Linde

In other news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Linde Trading Down 0.9 %

Shares of NASDAQ LIN traded down $3.97 during mid-day trading on Thursday, reaching $414.70. 706,928 shares of the company’s stock were exchanged, compared to its average volume of 1,892,777. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The firm has a market capitalization of $197.46 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 2.79 and a beta of 0.93. The company’s 50-day moving average is $447.48 and its 200-day moving average is $454.46. 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 (NASDAQ:LINGet Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the firm earned $3.63 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors 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 1.34%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LIN. Deutsche Bank Aktiengesellschaft boosted their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Check Out Our Latest Stock Analysis on LIN

Linde Profile

(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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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