Linde plc (NASDAQ:LIN) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its position in Linde plc (NASDAQ:LIN - Free Report) by 28.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,562 shares of the basic materials company's stock after purchasing an additional 2,755 shares during the period. HB Wealth Management LLC's holdings in Linde were worth $5,260,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LIN. Channel Wealth LLC increased its position in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company's stock valued at $3,092,000 after acquiring an additional 1,723 shares during the period. Nordea Investment Management AB increased its holdings 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. M&T Bank Corp raised its stake in shares of Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company's stock worth $37,898,000 after purchasing an additional 5,021 shares during the last quarter. Townsquare Capital LLC lifted 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 purchasing an additional 1,383 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in 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 valued at $26,215,000 after buying an additional 2,312 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised 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. Erste Group Bank restated a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen raised Linde from a "hold" rating to a "buy" rating and increased their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $495.75.

Insiders Place Their Bets

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business's stock in a transaction dated 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 transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the 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 sale, the vice president now 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 position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Linde Trading Up 0.8 %

Shares of NASDAQ:LIN traded up $3.51 during trading on Friday, reaching $436.00. The stock had a trading volume of 2,395,144 shares, compared to its average volume of 2,152,630. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The business has a fifty day moving average price of $436.85 and a 200-day moving average price of $452.97. The stock has a market cap of $207.61 billion, a P/E ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the business earned $3.63 earnings per share. The business's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Linde plc will post 15.48 earnings per share 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 dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde's dividend payout ratio (DPR) 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.