Linde plc (NASDAQ:LIN) Shares Sold by Wedmont Private Capital

Wedmont Private Capital trimmed its holdings in Linde plc (NASDAQ:LIN) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,847 shares of the basic materials company’s stock after selling 127 shares during the quarter. Wedmont Private Capital’s holdings in Linde were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LIN. Redwood Wealth Management Group LLC acquired a new position in shares of Linde in the 2nd quarter valued at $58,000. One Capital Management LLC increased its position in shares of Linde by 71.9% in the second quarter. One Capital Management LLC now owns 1,095 shares of the basic materials company’s stock worth $480,000 after acquiring an additional 458 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Linde by 13.8% during the second quarter. Citizens Financial Group Inc. RI now owns 36,112 shares of the basic materials company’s stock valued at $15,846,000 after acquiring an additional 4,366 shares during the period. Moors & Cabot Inc. lifted its position in shares of Linde by 34.1% in the 2nd quarter. Moors & Cabot Inc. now owns 2,164 shares of the basic materials company’s stock valued at $950,000 after acquiring an additional 550 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its stake in Linde by 72.3% in the 2nd quarter. Edgestream Partners L.P. now owns 10,641 shares of the basic materials company’s stock worth $4,669,000 after purchasing an additional 4,465 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of Linde 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 transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $421.43 on Tuesday. The stock has a market capitalization of $200.67 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.79 and a beta of 0.94. The business has a 50-day moving average of $439.22 and a two-hundred day moving average of $453.16. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping 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 firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the company earned $3.63 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts predict that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $1.39 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.32%. Linde’s payout ratio is presently 42.22%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research analyst reports. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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 research report on Friday, November 1st. Finally, Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $495.75.

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.