Broadway Wealth Solutions Inc. Has $223,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Broadway Wealth Solutions Inc. decreased its holdings in Linde plc (NASDAQ:LIN) by 4.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 478 shares of the basic materials company’s stock after selling 23 shares during the period. Broadway Wealth Solutions Inc.’s holdings in Linde were worth $223,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wrapmanager Inc. increased its position in shares of Linde by 1.3% during the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after purchasing an additional 22 shares in the last quarter. Knuff & Co LLC increased its position in shares of Linde by 8.8% during the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 22 shares in the last quarter. New Age Alpha Advisors LLC increased its position in shares of Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 22 shares in the last quarter. Austin Wealth Management LLC increased its position in shares of Linde by 5.3% during the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 24 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its position in shares of Linde by 0.8% during the 4th quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company’s stock worth $1,305,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Argus upgraded shares of Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $503.11.

Linde Trading Up 0.5%

LIN opened at $472.71 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $222.52 billion, a PE ratio of 34.73, a PEG ratio of 3.08 and a beta of 0.97. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49. The firm has a 50-day moving average price of $452.49 and a two-hundred day moving average price of $448.54.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.03. The firm had revenue of $8.11 billion during the quarter, compared to analysts’ expectations of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $3.75 EPS. As a group, equities analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, June 4th. Linde’s dividend payout ratio (DPR) is presently 43.57%.

Insider Activity

In other news, VP Sean Durbin sold 7,261 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the transaction, the vice president now directly owns 22,639 shares in the company, valued at $10,346,928.56. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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.