Sax Wealth Advisors LLC Trims Position in Linde plc (NASDAQ:LIN)

Sax Wealth Advisors LLC decreased its holdings in Linde plc (NASDAQ:LIN) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,062 shares of the basic materials company’s stock after selling 36 shares during the period. Sax Wealth Advisors LLC’s holdings in Linde were worth $445,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted its stake in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC lifted its holdings in Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC boosted its position in Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after acquiring an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Linde by 2.9% during the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.8 %

LIN stock opened at $436.00 on Friday. The stock has a market capitalization of $207.61 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.42 and a beta of 0.94. 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 plc has a 1-year low of $396.07 and a 1-year high of $487.49. The business has a fifty day moving average price of $436.85 and a 200-day moving average price of $452.82.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the business earned $3.63 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders 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 dividend on an annualized basis and a yield of 1.28%. Linde’s dividend payout ratio is presently 42.22%.

Analyst Ratings Changes

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

Insider Activity

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, for a total transaction 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. This represents a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.