ORG Wealth Partners LLC Sells 841 Shares of Linde plc (NASDAQ:LIN)

ORG Wealth Partners LLC trimmed its stake in shares of Linde plc (NASDAQ:LIN) by 63.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485 shares of the basic materials company’s stock after selling 841 shares during the quarter. ORG Wealth Partners LLC’s holdings in Linde were worth $203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Wealth Strategies & Associates boosted its position in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Linde in the second quarter valued at approximately $33,000. Kozak & Associates Inc. bought a new position in shares of Linde during the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in Linde in the third quarter worth $43,000. Finally, Hazlett Burt & Watson Inc. increased its stake in Linde by 133.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 1.8 %

NASDAQ:LIN traded down $7.57 during trading hours on Friday, hitting $412.44. The company had a trading volume of 998,426 shares, compared to its average volume of 2,185,703. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a 50-day moving average price of $440.82 and a 200 day moving average price of $453.31. The company has a market capitalization of $196.39 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s 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, equities research analysts predict that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.35%. Linde’s payout ratio is 42.22%.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price target on 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 reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Citigroup dropped their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Insiders Place Their Bets

In other news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, 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. 0.60% of the stock is owned by corporate insiders.

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.