RMR Wealth Builders Increases Stock Position in Linde plc (NASDAQ:LIN)

RMR Wealth Builders increased its holdings in Linde plc (NASDAQ:LIN) by 8.2% in the 4th quarter, Holdings Channel reports. The fund owned 3,807 shares of the basic materials company’s stock after buying an additional 287 shares during the quarter. RMR Wealth Builders’ holdings in Linde were worth $1,594,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Trifecta Capital Advisors LLC boosted its holdings in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 21 shares in the last quarter. Prentice Wealth Management LLC grew its position in Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in Linde by 0.9% during 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 purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares during the last quarter. Finally, Meridian Wealth Partners LLC lifted its stake in shares of Linde by 5.2% in the second quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company’s stock worth $212,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Paula Rosput Reynolds bought 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business’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 owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Linde Stock Up 0.2 %

NASDAQ LIN opened at $427.98 on Thursday. The stock’s 50-day moving average price is $438.67 and its 200-day moving average price is $453.08. The company has a market capitalization of $203.79 billion, a P/E ratio of 32.50, a price-to-earnings-growth 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 52 week low of $396.07 and a 52 week high of $487.49.

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, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.63 earnings per share. On average, equities research analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LIN. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup dropped 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. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price target for the stock from $480.00 to $515.00 in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $495.75.

Linde 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.