Strategic Wealth Investment Group LLC trimmed its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 29.4% in the fourth quarter, HoldingsChannel reports. The firm owned 22,907 shares of the basic materials company’s stock after selling 9,517 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Linde were worth $9,767,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of Linde during the 2nd quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Linde during the 3rd quarter worth approximately $29,000. Saranac Partners Ltd purchased a new position in shares of Linde during the 3rd quarter worth approximately $29,000. Caitlin John LLC purchased a new position in shares of Linde during the 3rd quarter worth approximately $32,000. Finally, Strengthening Families & Communities LLC increased its stake in shares of Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.
Linde Stock Up 0.1%
Shares of LIN opened at $507.90 on Friday. The firm has a market cap of $234.83 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.19 and a beta of 0.72. The company’s fifty day moving average is $503.06 and its two-hundred day moving average is $468.02. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $521.28. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.
Linde Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio (DPR) is 42.50%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Seaport Research Partners raised their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. raised their price objective on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Erste Group Bank raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. UBS Group reissued a “buy” rating and set a $600.00 price objective on shares of Linde in a research note on Tuesday. Finally, BMO Capital Markets restated an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Linde presently has a consensus rating of “Buy” and a consensus target price of $541.91.
Check Out Our Latest Stock Analysis on LIN
Insiders Place Their Bets
In other Linde news, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the transaction, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the transaction, the vice president owned 22,138 shares in the company, valued at $10,643,729.02. The trade was a 16.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by company insiders.
About Linde
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
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