RWA Wealth Partners LLC Sells 853 Shares of Linde plc (NASDAQ:LIN)

RWA Wealth Partners LLC cut its holdings in Linde plc (NASDAQ:LIN - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,682 shares of the basic materials company's stock after selling 853 shares during the quarter. RWA Wealth Partners LLC's holdings in Linde were worth $27,499,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LIN. Synergy Asset Management LLC purchased a new position in Linde during the fourth quarter worth about $25,000. Rakuten Securities Inc. lifted its position in Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after acquiring an additional 58 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Linde in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in Linde during the 4th quarter valued at $34,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Juergen Nowicki sold 6,782 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the sale, the vice president now owns 14,765 shares of the company's stock, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock valued at $5,603,843 in the last three months. Company insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LIN shares. Citigroup dropped their price target on 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 lifted their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Three 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $501.82.

Linde Trading Up 0.2 %

Shares of Linde stock traded up $0.95 on Thursday, reaching $470.69. 853,541 shares of the company were exchanged, compared to its average volume of 2,311,627. The stock has a fifty day moving average price of $457.72 and a 200-day moving average price of $454.23. The firm has a market capitalization of $222.59 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating 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 expect that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Linde's previous quarterly dividend of $1.39. The ex-dividend date was Thursday, March 13th. Linde's payout ratio is presently 44.09%.

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.