GC Wealth Management RIA LLC Sells 37 Shares of Linde plc (NASDAQ:LIN)

GC Wealth Management RIA LLC decreased its position in Linde plc (NASDAQ:LIN) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,847 shares of the basic materials company’s stock after selling 37 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Linde were worth $773,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. raised its position in shares of Linde by 85.2% in 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 purchasing an additional 1,150 shares during the period. Channel Wealth LLC raised its position in shares of Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the period. M&T Bank Corp raised its position in shares of Linde by 6.7% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares during the period. Nordea Investment Management AB raised its position in shares of Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares during the period. Finally, SYM FINANCIAL Corp bought a new position in shares of Linde in the fourth quarter valued at approximately $625,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LIN shares. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,377 shares of company stock worth $6,567,231. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Down 1.4 %

LIN opened at $462.06 on Tuesday. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The firm’s fifty day moving average price is $445.68 and its two-hundred day moving average price is $455.24. The company has a market capitalization of $218.51 billion, a P/E ratio of 33.95, a P/E/G ratio of 3.08 and a beta of 0.94.

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

Linde Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, March 13th. This is an increase from Linde’s previous quarterly dividend of $1.39. Linde’s payout ratio is currently 44.09%.

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.