Marshall & Sullivan Inc. WA Reduces Position in Linde plc (NASDAQ:LIN)

Marshall & Sullivan Inc. WA decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,908 shares of the basic materials company’s stock after selling 47 shares during the period. Linde makes up approximately 3.3% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 12th largest position. Marshall & Sullivan Inc. WA’s holdings in Linde were worth $6,660,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC increased its position in shares of Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares in the last quarter. Prentice Wealth Management LLC grew its holdings in Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the period. Quotient Wealth Partners LLC raised its position in shares of Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after buying an additional 23 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares during the period. Finally, Meridian Wealth Partners LLC raised its stake in shares of Linde by 5.2% in the 2nd quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company’s stock valued at $212,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In related news, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred 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 sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research note on Monday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $495.75.

Linde Price Performance

Linde stock traded up $7.35 during mid-day trading on Monday, hitting $421.50. The company’s stock had a trading volume of 1,375,531 shares, compared to its average volume of 2,298,786. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The stock’s fifty day moving average price is $439.96 and its two-hundred day moving average price is $453.30. The stock has a market capitalization of $200.70 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.79 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.63 earnings per share. Research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is presently 42.22%.

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.