Pines Wealth Management LLC Buys New Holdings in Linde plc (NASDAQ:LIN)

Pines Wealth Management LLC purchased a new position in shares of Linde plc (NASDAQ:LIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,052 shares of the basic materials company’s stock, valued at approximately $436,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in Linde in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Linde during the 3rd quarter worth approximately $43,000. Voisard Asset Management Group Inc. grew its stake 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 worth $53,000 after purchasing an additional 104 shares during the period. Finally, Beaird Harris Wealth Management LLC lifted its stake 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 valued at $55,000 after purchasing an additional 99 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Linde Trading Up 0.2 %

Shares of LIN opened at $427.98 on Thursday. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The stock has a market cap of $203.79 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. The firm’s fifty day moving average is $438.67 and its two-hundred day moving average is $453.08. 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 posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous 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 fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a $1.39 dividend. 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 (DPR) is presently 42.22%.

Analyst Ratings Changes

Several research firms recently commented on LIN. 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 report on Friday, November 1st. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday. Finally, Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. 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.

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.