Transform Wealth LLC Has $8.39 Million Stock Position in Linde plc (NASDAQ:LIN)

Transform Wealth LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 12.2% in the fourth quarter, HoldingsChannel reports. The firm owned 20,029 shares of the basic materials company’s stock after buying an additional 2,179 shares during the period. Transform Wealth LLC’s holdings in Linde were worth $8,386,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LIN. AE Wealth Management LLC increased its holdings in shares of Linde by 39.8% during the 2nd quarter. AE Wealth Management LLC now owns 4,202 shares of the basic materials company’s stock worth $1,844,000 after acquiring an additional 1,196 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Linde by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 120,352 shares of the basic materials company’s stock worth $52,812,000 after purchasing an additional 1,186 shares during the period. Hancock Whitney Corp increased its holdings in shares of Linde by 7.6% in the second quarter. Hancock Whitney Corp now owns 2,180 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 154 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Linde by 12.9% in the second quarter. 1832 Asset Management L.P. now owns 99,113 shares of the basic materials company’s stock valued at $43,492,000 after purchasing an additional 11,339 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Linde during the 2nd quarter worth about $101,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Linde Price Performance

LIN stock opened at $436.00 on Tuesday. The company’s 50-day moving average price is $436.44 and its two-hundred day moving average price is $453.14. The firm has a market cap of $207.61 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.70 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 12 month low of $396.07 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $3.63 earnings per share. On average, analysts anticipate that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research reports. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $495.75.

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.