ORG Wealth Partners LLC cut its stake in shares of Linde plc (NASDAQ:LIN – Free Report) by 63.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 485 shares of the basic materials company’s stock after selling 841 shares during the quarter. ORG Wealth Partners LLC’s holdings in Linde were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trifecta Capital Advisors LLC increased its holdings in Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares during the last quarter. Prentice Wealth Management LLC raised its stake in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC lifted its position in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its position in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after buying an additional 23 shares in the last quarter. Finally, Meridian Wealth Partners LLC boosted its holdings in Linde by 5.2% in the 2nd quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company’s stock worth $212,000 after buying an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors.
Analysts Set New Price Targets
LIN has been the topic of several research reports. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.
Insider Activity
In related news, VP Guillermo Bichara sold 4,385 shares of the company’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 of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Linde Stock Down 1.8 %
Shares of Linde stock traded down $7.57 on Friday, reaching $412.44. The stock had a trading volume of 998,426 shares, compared to its average volume of 2,185,703. 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 stock has a market capitalization of $196.39 billion, a P/E ratio of 31.32, a P/E/G ratio of 2.79 and a beta of 0.94. The company has a 50 day moving average price of $440.82 and a 200 day moving average price of $453.31. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49.
Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 earnings per share. As a group, equities research analysts forecast that Linde plc will post 15.48 EPS for the current year.
Linde Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid 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 dividend yield of 1.35%. Linde’s payout ratio is 42.22%.
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.
Further Reading
- Five stocks we like better than Linde
- How to Invest in the FAANG Stocks
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- What is Forex and How Does it Work?
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- 3 Fintech Stocks With Good 2021 Prospects
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc (NASDAQ:LIN – Free Report).
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.