Pines Wealth Management LLC Invests $436,000 in Linde plc (NASDAQ:LIN)

Pines Wealth Management LLC bought a new position in Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,052 shares of the basic materials company's stock, valued at approximately $436,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC boosted its position in shares of Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock worth $69,000 after buying an additional 21 shares during the period. Prentice Wealth Management LLC boosted its position in Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock worth $652,000 after acquiring an additional 23 shares during the period. Quotient Wealth Partners LLC boosted its position in Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock worth $1,290,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC grew its stake in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock worth $873,000 after purchasing an additional 23 shares in the last quarter. Finally, Meridian Wealth Partners LLC increased its holdings in shares of Linde by 5.2% during the second quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company's stock valued at $212,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a "hold" rating to a "buy" rating and raised their price objective for the company from $480.00 to $515.00 in a research note on Monday. Mizuho upped their target price on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of "Moderate Buy" and an average target price of $495.75.

Insider Activity

In other news, Director Paula Rosput Reynolds acquired 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, for a total transaction of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase 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 2,218 shares of Linde stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company's stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Linde Trading Up 1.0 %

Shares of NASDAQ LIN traded up $4.28 during mid-day trading on Thursday, hitting $432.26. 860,543 shares of the company traded hands, compared to its average volume of 2,302,848. 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 plc has a 1 year low of $396.07 and a 1 year high of $487.49. The stock has a market capitalization of $205.83 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.42 and a beta of 0.94. The business has a 50 day moving average of $438.67 and a two-hundred day moving average of $453.08.

Linde (NASDAQ:LIN - Get Free Report) last posted 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. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 earnings per share. On average, sell-side analysts anticipate that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.29%. The ex-dividend date was Tuesday, December 3rd. Linde's payout ratio 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.