DecisionMap Wealth Management LLC Purchases Shares of 495 Linde plc (NASDAQ:LIN)

DecisionMap Wealth Management LLC purchased a new stake in shares of Linde plc (NASDAQ:LIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 495 shares of the basic materials company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LIN. Synergy Asset Management LLC acquired a new position in shares of Linde during the fourth quarter worth $25,000. Rakuten Securities Inc. lifted its position in shares of Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Linde during the fourth quarter worth $28,000. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Linde during the fourth quarter worth $34,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction on 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 approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,377 shares of company stock worth $6,567,231. 0.60% of the stock is owned by company insiders.

Linde Stock Down 0.6 %

LIN opened at $451.17 on Thursday. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The firm’s fifty day moving average price is $447.04 and its two-hundred day moving average price is $455.13. The company has a market capitalization of $213.36 billion, a P/E ratio of 33.15, a P/E/G ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a dividend yield of 1.33%. Linde’s payout ratio is currently 44.09%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

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.