Linde plc (NASDAQ:LIN) Shares Purchased by Asset Planning Services Inc. LA ADV

Asset Planning Services Inc. LA ADV increased its position in shares of Linde plc (NASDAQ:LIN) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,790 shares of the basic materials company’s stock after purchasing an additional 90 shares during the period. Linde accounts for about 0.6% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 25th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in Linde were worth $1,168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LIN. Kozak & Associates Inc. purchased a new stake in shares of Linde in the 3rd quarter valued at approximately $34,000. Global Wealth Strategies & Associates lifted its holdings in Linde by 144.8% in the fourth 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 last quarter. Retirement Wealth Solutions LLC purchased a new position in Linde in the fourth quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in Linde during the third quarter worth $43,000. Finally, Voisard Asset Management Group Inc. raised its position in Linde by 1,733.3% in the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 104 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm’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 sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Linde Stock Up 0.0 %

Linde stock opened at $442.60 on Thursday. The firm has a market capitalization of $210.75 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.74 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The stock’s fifty day simple moving average is $436.18 and its 200-day simple moving average is $453.18.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.63 EPS. As a group, equities analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $1.39 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.26%. Linde’s dividend payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.