Physician Wealth Advisors Inc. Invests $48,000 in Linde plc (NASDAQ:LIN)

Physician Wealth Advisors Inc. acquired a new position in 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. The firm acquired 115 shares of the basic materials company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Helios Capital Management PTE. Ltd. grew its holdings in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after buying an additional 1,150 shares during the last quarter. Channel Wealth LLC increased its holdings in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after buying an additional 1,723 shares during the period. M&T Bank Corp raised its position in Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after buying an additional 5,021 shares during the last quarter. Nordea Investment Management AB lifted its stake in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after acquiring an additional 46,843 shares during the period. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Linde in the 4th quarter valued at $625,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LIN shares. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Trading Up 1.4 %

Shares of NASDAQ:LIN opened at $465.64 on Tuesday. The business’s 50 day moving average price is $456.69 and its 200-day moving average price is $454.13. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The firm has a market capitalization of $220.21 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, equities research analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $1.50 per share. This is a positive change from Linde’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.29%. Linde’s dividend payout ratio is presently 44.09%.

Insider Activity

In other Linde news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares in the company, valued at approximately $610,662. The trade was a 65.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,159 shares of company stock worth $5,603,843 over the last three months. Insiders own 0.60% of the company’s stock.

Linde Company 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.