Daymark Wealth Partners LLC Sells 46 Shares of Linde plc (NASDAQ:LIN)

Daymark Wealth Partners LLC lowered its holdings in Linde plc (NASDAQ:LINFree Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,693 shares of the basic materials company’s stock after selling 46 shares during the period. Daymark Wealth Partners LLC’s holdings in Linde were worth $2,749,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Fort Point Capital Partners LLC grew its holdings in shares of Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after buying an additional 26 shares during the last quarter. Seven Mile Advisory grew its holdings in shares of Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after buying an additional 26 shares during the last quarter. USA Financial Formulas grew its holdings in shares of Linde by 7.0% during the third quarter. USA Financial Formulas now owns 411 shares of the basic materials company’s stock valued at $153,000 after buying an additional 27 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Linde by 12.8% during the second quarter. SRS Capital Advisors Inc. now owns 246 shares of the basic materials company’s stock valued at $94,000 after buying an additional 28 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its holdings in shares of Linde by 2.3% during the third quarter. Arete Wealth Advisors LLC now owns 1,247 shares of the basic materials company’s stock valued at $465,000 after buying an additional 28 shares during the last quarter. Institutional investors own 80.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LIN. Stifel Nicolaus cut shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a report on Monday, January 22nd. Mizuho boosted their price target on shares of Linde from $434.00 to $503.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Wells Fargo & Company boosted their price target on shares of Linde from $470.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Wolfe Research began coverage on shares of Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, HSBC boosted their target price on shares of Linde from $440.00 to $447.00 and gave the company a “buy” rating in a research note on Friday, November 24th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $443.79.

View Our Latest Stock Report on LIN

Linde Price Performance

Shares of Linde stock opened at $468.23 on Monday. Linde plc has a 52-week low of $328.12 and a 52-week high of $477.71. The stock has a market capitalization of $225.49 billion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 3.10 and a beta of 0.93. The company has a fifty day moving average of $428.36 and a 200-day moving average of $405.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.10. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.16 EPS. Equities research analysts expect that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $5.56 annualized dividend and a yield of 1.19%. This is a boost from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio is presently 44.13%.

Insider Buying and Selling at Linde

In other Linde news, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Sanjiv Lamba sold 8,306 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the transaction, the chief executive officer now directly owns 56,398 shares of the company’s stock, valued at approximately $26,058,131.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 directly owns 6,920 shares in the company, valued at $3,177,248.80. The disclosure for this sale can be found here. Insiders sold 78,248 shares of company stock valued at $35,811,988 in the last quarter. Company insiders own 0.70% of the company’s stock.

Linde Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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