549 Shares in Linde plc (NASDAQ:LIN) Purchased by Flywheel Private Wealth LLC

Flywheel Private Wealth LLC acquired a new stake in shares of Linde plc (NASDAQ:LIN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 549 shares of the basic materials company’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after purchasing an additional 2,592,682 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Linde by 2,293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after acquiring an additional 749,763 shares during the last quarter. AMF Tjanstepension AB grew its stake in shares of Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares during the period. Finally, KBC Group NV raised its holdings in shares of Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after purchasing an additional 353,136 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Up 0.2 %

Linde stock opened at $427.98 on Thursday. 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 12-month low of $396.07 and a 12-month high of $487.49. The firm has a market capitalization of $203.79 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 2.42 and a beta of 0.94. The firm has a 50 day moving average of $438.67 and a 200 day moving average of $453.08.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the firm earned $3.63 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. 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. Finally, Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average price target of $495.75.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of Linde 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 sale, the vice president now owns 22,776 shares in the company, valued at $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 available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’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 transaction, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.