Power Wealth Management LLC Acquires Shares of 1,546 Linde plc (NASDAQ:LIN)

Power Wealth Management LLC bought a new position in Linde plc (NASDAQ:LIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,546 shares of the basic materials company’s stock, valued at approximately $635,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Carmel Capital Partners LLC purchased a new stake in shares of Linde during the third quarter valued at approximately $26,000. Annapolis Financial Services LLC increased its holdings in shares of Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Provence Wealth Management Group purchased a new position in shares of Linde in the third quarter worth $29,000. Addison Advisors LLC raised its stake in shares of Linde by 310.0% in the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 62 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Linde by 347.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. TD Cowen raised their price objective on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research note on Monday, January 22nd. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and increased their price objective for the company from $482.00 to $510.00 in a report on Wednesday, March 27th. Finally, Mizuho boosted their target price on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a report on Friday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $460.15.

Linde Trading Up 0.9 %

Shares of NASDAQ LIN traded up $3.98 during mid-day trading on Friday, reaching $423.60. The company had a trading volume of 2,657,419 shares, compared to its average volume of 1,803,659. The stock has a market cap of $204.00 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94. Linde plc has a 52 week low of $350.60 and a 52 week high of $477.71. The business’s 50-day moving average is $455.47 and its 200-day moving average is $422.69. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.07. The company had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. Linde’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.42 earnings per share. Equities analysts expect that Linde plc will post 15.5 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

Insiders Place Their Bets

In related news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the completion of the transaction, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. Insiders sold a total of 78,248 shares of company stock worth $35,811,988 over the last 90 days. Company insiders own 0.70% of the company’s stock.

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.