HB Wealth Management LLC Has $5.26 Million Stock Holdings in Linde plc (NASDAQ:LIN)

HB Wealth Management LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 28.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,562 shares of the basic materials company’s stock after purchasing an additional 2,755 shares during the period. HB Wealth Management LLC’s holdings in Linde were worth $5,260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter valued at about $34,000. 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 valued at $30,000 after acquiring an additional 42 shares during the period. Retirement Wealth Solutions LLC bought a new position in Linde in the 4th quarter valued at about $34,000. Capital Performance Advisors LLP acquired a new stake in Linde during the third quarter worth approximately $43,000. Finally, Voisard Asset Management Group Inc. boosted its holdings in shares of Linde by 1,733.3% during the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LIN. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target of $495.75.

Linde Stock Up 0.8 %

NASDAQ LIN opened at $436.00 on Friday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The business has a fifty day moving average price of $436.85 and a two-hundred day moving average price of $452.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $207.61 billion, a PE ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94.

Linde (NASDAQ:LIN) last released 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 business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $3.63 earnings per share. Equities analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.28%. The ex-dividend date was Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Insider Buying and Selling at Linde

In related news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, 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 through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares of the company’s stock, valued at $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. Company insiders own 0.60% of the company’s stock.

Linde Company 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.