Sax Wealth Advisors LLC Decreases Position in Linde plc (NASDAQ:LIN)

Sax Wealth Advisors LLC decreased its position in Linde plc (NASDAQ:LIN) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,062 shares of the basic materials company’s stock after selling 36 shares during the period. Sax Wealth Advisors LLC’s holdings in Linde were worth $445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trifecta Capital Advisors LLC raised its position in shares of Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the period. Prentice Wealth Management LLC boosted its holdings in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC grew its stake in Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares during the period. Finally, CVA Family Office LLC lifted its position in shares of Linde by 2.9% during the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Stock Up 0.8 %

LIN opened at $436.00 on Friday. The business’s fifty day simple moving average is $436.85 and its 200 day simple moving average is $452.82. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $207.61 billion, a PE ratio of 33.11, a P/E/G ratio of 2.42 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $3.63 EPS. As a group, research analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

LIN has been the subject of several recent research reports. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup cut 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 upped 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. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $495.75.

Insider Buying and Selling

In related news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

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.