Linde plc (NASDAQ:LIN) Shares Bought by RMR Wealth Builders

RMR Wealth Builders lifted its position in shares of Linde plc (NASDAQ:LIN) by 18.8% during the fourth quarter, HoldingsChannel reports. The fund owned 2,316 shares of the basic materials company’s stock after acquiring an additional 366 shares during the quarter. RMR Wealth Builders’ holdings in Linde were worth $951,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winder Pte. Ltd. acquired a new stake in Linde in the third quarter valued at $1,892,774,000. Private Advisor Group LLC lifted its stake in shares of Linde by 104.2% in the fourth quarter. Private Advisor Group LLC now owns 18,679 shares of the basic materials company’s stock valued at $7,672,000 after purchasing an additional 468,415 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Linde during the third quarter worth about $168,636,000. International Assets Investment Management LLC grew its position in Linde by 33,201.7% during the fourth quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock worth $169,189,000 after buying an additional 410,705 shares during the period. Finally, Nordea Investment Management AB grew its position in Linde by 17.8% during the third quarter. Nordea Investment Management AB now owns 2,592,343 shares of the basic materials company’s stock worth $973,865,000 after buying an additional 391,153 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Linde news, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total value of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the completion of the transaction, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The disclosure for this sale can be found here. Insiders sold a total of 77,948 shares of company stock valued at $35,687,605 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LIN shares. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a research note on Monday, January 22nd. Mizuho boosted their target price on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. UBS Group cut Linde from a “buy” rating to a “neutral” rating and raised their price target for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Finally, HSBC dropped their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $464.69.

Linde Stock Down 0.5 %

Shares of NASDAQ LIN opened at $427.71 on Thursday. The firm has a market cap of $205.59 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. Linde plc has a 1 year low of $350.60 and a 1 year high of $477.71. The firm’s 50 day moving average price is $454.81 and its 200 day moving average price is $424.19.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.07. The business had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.42 earnings per share. As a group, sell-side analysts anticipate that Linde plc will post 15.5 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

About Linde

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.