StrongBox Wealth LLC Raises Stake in Linde plc (NASDAQ:LIN)

StrongBox Wealth LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,569 shares of the basic materials company’s stock after acquiring an additional 408 shares during the period. Linde accounts for approximately 1.7% of StrongBox Wealth LLC’s portfolio, making the stock its 21st biggest position. StrongBox Wealth LLC’s holdings in Linde were worth $4,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. One Capital Management LLC lifted its stake in shares of Linde by 71.9% in the 2nd quarter. One Capital Management LLC now owns 1,095 shares of the basic materials company’s stock valued at $480,000 after purchasing an additional 458 shares during the last quarter. Moors & Cabot Inc. lifted its position in Linde by 34.1% in the second quarter. Moors & Cabot Inc. now owns 2,164 shares of the basic materials company’s stock valued at $950,000 after buying an additional 550 shares during the last quarter. Edgestream Partners L.P. boosted its stake in Linde by 72.3% during the second quarter. Edgestream Partners L.P. now owns 10,641 shares of the basic materials company’s stock worth $4,669,000 after buying an additional 4,465 shares during the period. Plancorp LLC increased its position in shares of Linde by 3.5% during the second quarter. Plancorp LLC now owns 1,133 shares of the basic materials company’s stock valued at $497,000 after acquiring an additional 38 shares during the last quarter. Finally, Financial & Tax Architects LLC boosted its position in shares of Linde by 31.1% during the 2nd quarter. Financial & Tax Architects LLC now owns 1,074 shares of the basic materials company’s stock worth $471,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm’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 transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $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 corporate insiders.

Linde Stock Up 0.2 %

Shares of NASDAQ LIN opened at $427.98 on Thursday. The business has a 50-day moving average of $438.67 and a two-hundred day moving average of $453.08. The company has a market capitalization of $203.79 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth 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. 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) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during 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%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.63 earnings per share. On average, analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid 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 yield of 1.30%. Linde’s dividend payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.