Maia Wealth LLC Has $218,000 Holdings in Linde plc (NASDAQ:LIN)

Maia Wealth LLC grew its holdings in Linde plc (NASDAQ:LIN) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 496 shares of the basic materials company’s stock after purchasing an additional 57 shares during the period. Maia Wealth LLC’s holdings in Linde were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIN. Synergy Asset Management LLC acquired a new stake in shares of Linde in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates raised its holdings in shares of Linde by 144.8% in the fourth 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 last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde in the fourth quarter valued at approximately $34,000. Finally, Kozak & Associates Inc. raised its holdings in shares of Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 27 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,285 shares of company stock valued at $7,423,986. 0.60% of the stock is owned by company insiders.

Linde Price Performance

NASDAQ:LIN opened at $462.25 on Tuesday. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company has a market cap of $218.60 billion, a P/E ratio of 33.96, a P/E/G ratio of 3.08 and a beta of 0.94. The firm’s fifty day moving average price is $441.48 and its two-hundred day moving average price is $455.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Equities analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Linde’s previous quarterly dividend of $1.39. Linde’s payout ratio is presently 44.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LIN. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average target price of $501.82.

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.