Ritholtz Wealth Management lessened its position in Linde plc (NASDAQ:LIN – Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,638 shares of the basic materials company’s stock after selling 197 shares during the period. Ritholtz Wealth Management’s holdings in Linde were worth $1,942,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of LIN. Global Wealth Strategies & Associates grew its position in shares of 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 acquiring an additional 42 shares during the period. Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter valued at about $34,000. Capital Performance Advisors LLP bought a new position in shares of Linde in the 3rd quarter valued at about $43,000. Voisard Asset Management Group Inc. grew its position in shares of Linde by 1,733.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 104 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its position in shares of Linde by 618.8% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 99 shares during the period. Institutional investors own 82.80% of the company’s stock.
Linde Stock Performance
NASDAQ LIN opened at $436.00 on Friday. The firm has a 50-day moving average price of $436.85 and a two-hundred day moving average price of $452.82. The company has a market capitalization of $207.61 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.42 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.
Linde Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a $1.39 dividend. 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 payout ratio is presently 42.22%.
Insider Activity
In related news, VP David P. Strauss sold 2,218 shares of the company’s 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 transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the company’s 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 owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Wall Street Analysts Forecast Growth
LIN has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $495.75.
Read Our Latest Stock Report on Linde
About Linde
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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