AdvisorNet Financial Inc Lowers Position in Linde plc (NASDAQ:LIN)

AdvisorNet Financial Inc trimmed its position in Linde plc (NASDAQ:LIN) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,757 shares of the basic materials company’s stock after selling 344 shares during the period. AdvisorNet Financial Inc’s holdings in Linde were worth $2,829,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC raised its stake in Linde by 16.9% during 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 during the last quarter. Prentice Wealth Management LLC grew its position in Linde by 1.7% during the 3rd 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 last quarter. Quotient Wealth Partners LLC raised its holdings in Linde by 0.9% in the third 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 last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after buying an additional 23 shares during the last quarter. Finally, Meridian Wealth Partners LLC raised its holdings in Linde by 5.2% in the 2nd quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a report on Monday. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. 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 report on Friday, November 1st. Mizuho lifted their target price 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. Finally, BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $495.75.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the company’s 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 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 disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $421.43 on Tuesday. The business’s fifty day moving average is $439.22 and its 200 day moving average is $453.16. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The company has a market capitalization of $200.67 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company 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%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.63 EPS. Sell-side analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed 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 of this dividend was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.32%. Linde’s payout ratio is 42.22%.

Linde 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.