Broadway Wealth Solutions Inc. Makes New Investment in Linde plc (NASDAQ:LIN)

Broadway Wealth Solutions Inc. purchased a new stake in Linde plc (NASDAQ:LIN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 501 shares of the basic materials company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Howard Capital Management Group LLC purchased a new stake in shares of Linde in the third quarter valued at $252,000. Quantbot Technologies LP purchased a new position in Linde in the 3rd quarter valued at about $507,000. Transamerica Financial Advisors Inc. boosted its stake in shares of Linde by 2,191.7% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 275 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 263 shares during the last quarter. Townsquare Capital LLC grew its holdings in shares of Linde by 16.8% during the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after buying an additional 1,383 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of Linde by 1.0% in the third quarter. Glenmede Trust Co. NA now owns 17,942 shares of the basic materials company’s stock valued at $8,556,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

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

Linde Stock Up 0.7 %

Shares of Linde stock opened at $464.73 on Friday. The company has a fifty day moving average price of $455.63 and a 200 day moving average price of $454.31. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The stock has a market cap of $219.78 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. Equities research analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

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

Analysts Set New Price Targets

Several analysts have commented on LIN shares. Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.