Marcum Wealth LLC Sells 52 Shares of Linde plc (NASDAQ:LIN)

Marcum Wealth LLC lowered its stake in Linde plc (NASDAQ:LIN) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,270 shares of the basic materials company’s stock after selling 52 shares during the quarter. Marcum Wealth LLC’s holdings in Linde were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Kozak & Associates Inc. bought a new stake in Linde during the third quarter valued at approximately $34,000. Global Wealth Strategies & Associates raised 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 buying an additional 42 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Linde during the 3rd quarter valued at $43,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Linde by 1,733.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 104 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC grew its position in Linde by 618.8% in the third quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of a number of research reports. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a research note on Monday. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft increased their target price 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 target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average target price of $495.75.

Insider Activity

In other Linde news, VP David P. Strauss sold 2,218 shares of the 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 sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Stock Up 1.4 %

LIN opened at $427.29 on Wednesday. The firm’s 50 day simple moving average is $438.67 and its two-hundred day simple moving average is $453.08. The company has a market capitalization of $203.46 billion, a PE ratio of 32.44, a PEG ratio of 2.79 and a beta of 0.94. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 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 return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.63 EPS. As a group, equities analysts forecast that Linde plc will post 15.48 EPS for the current 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 paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.22%.

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.