Premier Path Wealth Partners LLC Acquires 52 Shares of Linde plc (NASDAQ:LIN)

Premier Path Wealth Partners LLC raised its holdings in shares of Linde plc (NASDAQ:LINFree Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,813 shares of the basic materials company’s stock after purchasing an additional 52 shares during the period. Premier Path Wealth Partners LLC’s holdings in Linde were worth $1,178,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Trium Capital LLP boosted its stake in Linde by 28.8% in the 4th quarter. Trium Capital LLP now owns 4,962 shares of the basic materials company’s stock worth $2,077,000 after purchasing an additional 1,110 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Linde in the fourth quarter worth about $34,000. Brooklyn Investment Group lifted its stake in shares of Linde by 7.5% in the fourth quarter. Brooklyn Investment Group now owns 3,312 shares of the basic materials company’s stock worth $1,386,000 after buying an additional 231 shares in the last quarter. Somerset Trust Co grew its holdings in shares of Linde by 1.1% during the fourth quarter. Somerset Trust Co now owns 11,248 shares of the basic materials company’s stock valued at $4,709,000 after buying an additional 125 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in shares of Linde by 25.7% during the fourth quarter. Merit Financial Group LLC now owns 9,959 shares of the basic materials company’s stock valued at $4,170,000 after acquiring an additional 2,035 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LIN. Erste Group Bank reaffirmed 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 price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho boosted 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $495.75.

Get Our Latest Report on LIN

Linde Trading Up 0.8 %

Shares of Linde stock opened at $436.00 on Friday. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company’s fifty day simple moving average is $437.32 and its 200-day simple moving average is $452.77. 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 market capitalization of $207.61 billion, a PE ratio of 33.11, a P/E/G ratio of 2.42 and a beta of 0.94.

Linde (NASDAQ:LINGet Free Report) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the business earned $3.63 earnings per share. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.28%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on 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 sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred 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 directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Linde Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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