Gen Wealth Partners Inc Grows Position in Linde plc (NASDAQ:LIN)

Gen Wealth Partners Inc raised its holdings in Linde plc (NASDAQ:LIN) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,745 shares of the basic materials company’s stock after purchasing an additional 77 shares during the period. Gen Wealth Partners Inc’s holdings in Linde were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Helios Capital Management PTE. Ltd. grew its holdings in Linde by 85.2% during the 4th 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 in the last quarter. Channel Wealth LLC grew its stake in Linde by 30.4% during the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after acquiring an additional 1,723 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Linde by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company’s stock valued at $88,505,000 after acquiring an additional 1,320 shares in the last quarter. SYM FINANCIAL Corp bought a new stake in Linde during the 4th quarter worth approximately $625,000. Finally, Signet Financial Management LLC purchased a new stake in Linde in the 4th quarter worth approximately $749,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.1 %

Shares of LIN opened at $452.56 on Friday. The firm has a market cap of $213.03 billion, a P/E ratio of 33.25, a P/E/G ratio of 3.08 and a beta of 1.00. Linde plc has a 1 year low of $408.65 and a 1 year high of $487.49. The stock has a 50 day simple moving average of $452.15 and a two-hundred day simple moving average of $448.55. 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 released its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.92 by $0.03. The company had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.75 EPS. On average, analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.33%. Linde’s dividend payout ratio (DPR) is currently 43.57%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LIN shares. Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a report on Thursday, April 3rd. 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. Finally, Argus upgraded Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.11.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,477 shares of the company’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 completion of the transaction, the vice president now directly owns 1,300 shares of the company’s stock, valued at approximately $610,662. This represents a 65.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,159 shares of company stock worth $5,603,843. 0.60% of the stock is currently owned by 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.