Marcum Wealth LLC reduced its stake in Linde plc (NASDAQ:LIN – Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,270 shares of the basic materials company’s stock after selling 52 shares during the period. Marcum Wealth LLC’s holdings in Linde were worth $532,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kozak & Associates Inc. purchased a new stake in shares of Linde in the third quarter worth about $34,000. Global Wealth Strategies & Associates increased its stake in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Linde during the 3rd quarter worth approximately $43,000. Voisard Asset Management Group Inc. boosted its position in shares of Linde by 1,733.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 104 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Linde by 618.8% in the third quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on LIN. Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup dropped 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. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a report on Monday. Finally, BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $495.75.
Linde Price Performance
Linde stock opened at $427.29 on Wednesday. The stock has a market cap of $203.46 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. The firm has a 50-day moving average of $438.67 and a two-hundred day moving average of $453.08. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $3.63 earnings per share. On average, research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.30%. Linde’s payout ratio is currently 42.22%.
Insider Buying and Selling
In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction 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 sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by 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.
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