By otakuyassine3@gmail.com 
Beaumont Financial Advisors LLC grew its holdings in Linde plc (NASDAQ:LIN – Free Report) by 130.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,011 shares of the basic materials company’s stock after purchasing an additional 573 shares during the period. Beaumont Financial Advisors LLC’s holdings in Linde were worth $423,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter valued at $34,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the 4th quarter valued at $34,000. Capital Performance Advisors LLP bought a new stake in Linde during the 3rd quarter worth $43,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Linde during the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
Insider Buying and Selling at Linde
In related news, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.
Linde Price Performance
Shares of NASDAQ:LIN opened at $442.60 on Thursday. The stock’s 50 day moving average is $436.18 and its 200-day moving average is $453.18. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. 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 firm has a market capitalization of $210.75 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 2.70 and a beta of 0.94.
Linde (NASDAQ:LIN – Get Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm posted $3.63 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Linde plc will post 15.45 EPS for the current fiscal year.
Linde Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.
Analysts Set New Price Targets
LIN has been the subject of a number of research reports. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $501.82.
Check Out Our Latest Stock Report on LIN
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.
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