Linde plc (NASDAQ:LIN) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC grew its position in Linde plc (NASDAQ:LIN) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,390 shares of the basic materials company’s stock after acquiring an additional 39 shares during the quarter. Avior Wealth Management LLC’s holdings in Linde were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Global Wealth Strategies & Associates grew its position in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Linde during the third quarter worth about $34,000. Retirement Wealth Solutions LLC purchased a new position in shares of Linde during the fourth quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in Linde in the 3rd quarter valued at about $43,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Linde during the 4th quarter valued at approximately $47,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Down 0.4 %

Shares of LIN opened at $439.25 on Friday. 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 stock has a market cap of $209.15 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. The firm has a 50 day simple moving average of $435.45 and a 200-day simple moving average of $453.05.

Linde (NASDAQ:LIN) last released its quarterly 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. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the business posted $3.63 earnings per share. Linde’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Linde plc will post 15.45 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $1.39 dividend. 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 1.27%. Linde’s dividend payout ratio (DPR) is 42.22%.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction that occurred on Monday, December 16th. The shares were 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup lowered 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. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $501.82.

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.