RMR Wealth Builders Buys 287 Shares of Linde plc (NASDAQ:LIN)

RMR Wealth Builders grew its position in shares of Linde plc (NASDAQ:LIN) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,807 shares of the basic materials company’s stock after purchasing an additional 287 shares during the quarter. RMR Wealth Builders’ holdings in Linde were worth $1,594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kozak & Associates Inc. bought a new stake in shares of Linde during the 3rd quarter valued at about $34,000. Global Wealth Strategies & Associates boosted its position in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Linde in the third quarter valued at approximately $43,000. Voisard Asset Management Group Inc. increased its stake in 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 purchasing an additional 104 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Linde by 618.8% in 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 during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of Linde 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 owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction 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. This trade represents 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 owned by insiders.

Linde Trading Up 0.2 %

Shares of LIN stock opened at $427.98 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The business has a 50-day moving average of $438.67 and a 200 day moving average of $453.08. The stock has a market capitalization of $203.79 billion, a PE ratio of 32.50, a P/E/G ratio of 2.42 and a beta of 0.94. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 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 the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.63 earnings per share. As a group, sell-side analysts anticipate that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $1.39 per share. The ex-dividend date of this dividend 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 currently 42.22%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LIN. Mizuho raised their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $495.75.

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.