Beaumont Financial Advisors LLC Buys 573 Shares of Linde plc (NASDAQ:LIN)

Beaumont Financial Advisors LLC raised its position in shares of Linde plc (NASDAQ:LIN) by 130.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,011 shares of the basic materials company’s stock after acquiring an additional 573 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Linde were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kozak & Associates Inc. bought a new position in Linde in the 3rd quarter worth approximately $34,000. Global Wealth Strategies & Associates raised its stake 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 valued at $30,000 after purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Linde during the 4th quarter worth about $34,000. Capital Performance Advisors LLP purchased a new stake in Linde during the 3rd quarter worth about $43,000. Finally, Voisard Asset Management Group Inc. boosted its stake in Linde by 1,733.3% in 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. Institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In related news, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This 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 at this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % 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 Stock Up 0.0 %

Shares of NASDAQ:LIN opened at $442.60 on Thursday. The stock has a market capitalization of $210.75 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 2.70 and a beta of 0.94. The stock’s 50-day moving average price is $436.18 and its 200-day moving average price is $453.18. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results 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 business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $3.63 EPS. On average, equities analysts anticipate that Linde plc will post 15.45 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.26%. Linde’s payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

LIN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho raised their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets lifted their target price 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. Finally, Citigroup decreased their price target 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.