Marks Group Wealth Management Inc Sells 369 Shares of Linde plc (NASDAQ:LIN)

Marks Group Wealth Management Inc lessened its holdings in Linde plc (NASDAQ:LIN) by 10.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,140 shares of the basic materials company’s stock after selling 369 shares during the period. Marks Group Wealth Management Inc’s holdings in Linde were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. International Assets Investment Management LLC increased its holdings in Linde by 4.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,237 shares of the basic materials company’s stock valued at $460,000 after buying an additional 50 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Linde in the 3rd quarter valued at $254,000. Global Retirement Partners LLC boosted its stake in shares of Linde by 8.3% in the 3rd quarter. Global Retirement Partners LLC now owns 628 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 48 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of Linde by 7.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 1,349 shares of the basic materials company’s stock valued at $502,000 after purchasing an additional 88 shares in the last quarter. Finally, Ziegler Capital Management LLC acquired a new stake in shares of Linde in the 3rd quarter valued at $219,000. Institutional investors own 82.80% of the company’s stock.

Insider Activity

In other Linde news, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total transaction of $3,837,704.24. Following the transaction, the chief executive officer now owns 56,398 shares of the company’s stock, valued at $26,058,131.92. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjiv Lamba sold 8,306 shares of Linde stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the sale, the chief executive officer now directly owns 56,398 shares of the company’s stock, valued at $26,058,131.92. The disclosure for this sale can be found here. Insiders sold a total of 78,248 shares of company stock valued at $35,811,988 in the last quarter. Company insiders own 0.70% of the company’s stock.

Linde Stock Down 0.1 %

Linde stock traded down $0.50 during mid-day trading on Tuesday, reaching $446.47. The company’s stock had a trading volume of 606,670 shares, compared to its average volume of 2,218,466. The business’s 50 day simple moving average is $454.44 and its 200 day simple moving average is $419.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. Linde plc has a 12 month low of $350.60 and a 12 month high of $477.71. The company has a market capitalization of $215.01 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 2.91 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the previous year, the business earned $3.16 earnings per share. Linde’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. This is a boost from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio (DPR) is currently 44.13%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Seaport Res Ptn downgraded shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Stifel Nicolaus downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 target price on the stock. in a research report on Monday, January 22nd. UBS Group cut Linde from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Wolfe Research assumed coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Mizuho upgraded Linde from a “neutral” rating to a “buy” rating and set a $510.00 target price for the company in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $456.79.

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.