Linde plc (NASDAQ:LIN) Stock Position Raised by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lifted its position in Linde plc (NASDAQ:LIN) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,422 shares of the basic materials company’s stock after buying an additional 659 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Linde were worth $6,457,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates raised 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 worth $30,000 after acquiring an additional 42 shares during the period. Kozak & Associates Inc. acquired a new stake in shares of Linde in the third quarter valued at about $34,000. Retirement Wealth Solutions LLC bought a new position in shares of Linde in the fourth quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde during the third quarter worth approximately $43,000. Finally, Decker Retirement Planning Inc. acquired a new position in Linde during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LIN. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Price Performance

Linde stock opened at $439.25 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market cap of $209.15 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.74 and a beta of 0.94. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The business’s fifty day moving average is $435.45 and its two-hundred day moving average is $453.05.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating 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 company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period last year, the firm earned $3.63 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts forecast that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders 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 dividend yield of 1.27%. Linde’s dividend payout ratio (DPR) is presently 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.