Legacy Wealth Asset Management LLC Has $2.86 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Legacy Wealth Asset Management LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,826 shares of the basic materials company’s stock after selling 68 shares during the quarter. Linde makes up about 0.8% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 14th biggest position. Legacy Wealth Asset Management LLC’s holdings in Linde were worth $2,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Wealth Strategies & Associates grew its holdings in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of Linde during the 3rd quarter worth $34,000. Capital Performance Advisors LLP acquired a new position in Linde in the 3rd quarter valued at $43,000. Voisard Asset Management Group Inc. raised its holdings in Linde by 1,733.3% in the 3rd 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. Finally, Beaird Harris Wealth Management LLC lifted its position in Linde by 618.8% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred 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 owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Up 1.1 %

Shares of LIN stock opened at $432.49 on Friday. The firm has a fifty day moving average of $437.98 and a 200-day moving average of $452.91. The stock has a market cap of $205.93 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 2.42 and a beta of 0.94. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.63 earnings per share. On average, equities research analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Analyst Upgrades and Downgrades

LIN has been the topic of several research analyst reports. BMO Capital Markets raised 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. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a research report on Monday. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $495.75.

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.