180 Wealth Advisors LLC Sells 51 Shares of Linde plc (NASDAQ:LIN)

180 Wealth Advisors LLC reduced its stake in Linde plc (NASDAQ:LIN) by 5.2% in the 4th quarter, HoldingsChannel reports. The firm owned 925 shares of the basic materials company’s stock after selling 51 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Linde were worth $387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nordea Investment Management AB increased its stake in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after buying an additional 5,021 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Linde by 16.8% during the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after acquiring an additional 1,383 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Waverton Investment Management Ltd lifted its position in Linde by 0.9% in the 3rd quarter. Waverton Investment Management Ltd now owns 196,036 shares of the basic materials company’s stock valued at $93,457,000 after acquiring an additional 1,811 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN opened at $427.29 on Wednesday. The firm has a market cap of $203.46 billion, a P/E ratio of 32.44, a PEG ratio of 2.79 and a beta of 0.94. 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 firm has a 50-day moving average of $438.67 and a 200 day moving average of $453.08.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the business posted $3.63 EPS. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

LIN has been the subject of a number of recent research reports. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average target price of $495.75.

Insider Transactions at Linde

In related news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

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.