1,140 Shares in Linde plc (NASDAQ:LIN) Purchased by Brady Martz Wealth Solutions LLC

Brady Martz Wealth Solutions LLC acquired a new stake in Linde plc (NASDAQ:LIN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,140 shares of the basic materials company's stock, valued at approximately $487,000.

Other large investors have also recently bought and sold shares of the company. Channel Wealth LLC grew 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 last quarter. Nordea Investment Management AB lifted its holdings in shares of Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company's stock worth $898,188,000 after acquiring an additional 46,843 shares during the period. M&T Bank Corp boosted its holdings in Linde by 6.7% during 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 in the last quarter. Townsquare Capital LLC grew its position in Linde by 16.8% in the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company's stock valued at $4,580,000 after acquiring an additional 1,383 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company's stock worth $26,215,000 after purchasing an additional 2,312 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets upped their price target on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and lifted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup dropped their price objective on shares of 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 upped their target price on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Five 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, Linde has an average rating of "Moderate Buy" and an average target price of $495.75.

Linde Stock Up 0.8 %

Shares of Linde stock traded up $3.51 on Monday, reaching $436.00. 2,395,144 shares of the company were exchanged, compared to its average volume of 2,152,630. The company has a market capitalization of $207.60 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company has a 50-day moving average of $436.85 and a 200 day moving average of $453.12.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (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 firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the firm posted $3.63 earnings per share. The company's quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, December 3rd. Linde's dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling at Linde

In related news, Director Paula Rosput Reynolds purchased 100 shares of the firm's stock in a transaction that occurred on 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 purchase, the director now owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares of the company's stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

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.