Chesapeake Wealth Management Purchases 30 Shares of Linde plc (NASDAQ:LIN)

Chesapeake Wealth Management increased its position in shares of Linde plc (NASDAQ:LIN) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,682 shares of the basic materials company’s stock after buying an additional 30 shares during the period. Chesapeake Wealth Management’s holdings in Linde were worth $704,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LIN. Global Wealth Strategies & Associates boosted its holdings in 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 in the 3rd quarter valued at $34,000. Retirement Wealth Solutions LLC bought a new stake in Linde in the 4th quarter valued at $34,000. Capital Performance Advisors LLP bought a new stake in Linde in the 3rd quarter valued at $43,000. Finally, Decker Retirement Planning Inc. bought a new stake in Linde in the 4th quarter valued at $47,000. 82.80% of the stock is owned by institutional investors.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred 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. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LIN. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup reduced 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. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and raised their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target of $495.75.

Linde Trading Up 0.8 %

LIN opened at $436.00 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $207.61 billion, a PE ratio of 33.11, a PEG ratio of 2.70 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 firm has a 50-day moving average price of $436.85 and a two-hundred day moving average price of $453.12.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.63 EPS. As a group, equities analysts anticipate that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio is 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.