Marshall & Sullivan Inc. WA Sells 47 Shares of Linde plc (NASDAQ:LIN)

Marshall & Sullivan Inc. WA lessened its stake in Linde plc (NASDAQ:LIN) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 15,908 shares of the basic materials company’s stock after selling 47 shares during the period. Linde accounts for about 3.3% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 12th biggest position. Marshall & Sullivan Inc. WA’s holdings in Linde were worth $6,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates raised its stake in shares of Linde by 144.8% in 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 during the period. Kozak & Associates Inc. bought a new stake in Linde during the third quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in Linde during the third quarter valued at approximately $43,000. Voisard Asset Management Group Inc. grew its stake in Linde by 1,733.3% in the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 104 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its position in shares of Linde by 618.8% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LIN. Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen raised shares of 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $495.75.

Linde Trading Up 1.8 %

Shares of LIN stock traded up $7.35 during mid-day trading on Monday, reaching $421.50. 1,375,531 shares of the stock traded hands, compared to its average volume of 2,298,786. The stock’s fifty day simple moving average is $439.96 and its two-hundred day simple moving average is $453.30. 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 company has a market cap of $200.70 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94.

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 the consensus estimate of $3.89 by $0.05. The firm 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 company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.63 EPS. On average, research analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.32%. Linde’s dividend payout ratio is currently 42.22%.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction 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 transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This 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 company insiders.

Linde 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.