Brady Martz Wealth Solutions LLC Makes New Investment in Linde plc (NASDAQ:LIN)

Brady Martz Wealth Solutions LLC bought a new stake in shares of Linde plc (NASDAQ:LIN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,140 shares of the basic materials company’s stock, valued at approximately $487,000.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of Linde by 1.4% during the third quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after buying an additional 154,792 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Linde by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after purchasing an additional 15,187 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Linde by 372.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Linde by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after buying an additional 50,882 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its stake in Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after acquiring an additional 56,775 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

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

Linde Stock Up 0.8 %

LIN stock opened at $436.00 on Friday. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm has a 50-day simple moving average of $436.85 and a 200-day simple moving average of $452.82. 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.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the company earned $3.63 EPS. The firm’s revenue 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 Announces Dividend

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

Insider Activity at Linde

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

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.