Genesis Private Wealth LLC Buys Shares of 494 Linde plc (NASDAQ:LIN)

Genesis Private Wealth LLC bought a new position in Linde plc (NASDAQ:LIN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 494 shares of the basic materials company’s stock, valued at approximately $207,000.

Other hedge funds also recently made changes to their positions in the company. Trifecta Capital Advisors LLC boosted its stake in shares of Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC raised its holdings in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares during the last quarter. Quotient Wealth Partners LLC boosted its position 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 worth $1,290,000 after buying an additional 23 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 23 shares during the last quarter. Finally, CVA Family Office LLC increased its position in Linde by 2.9% in the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Trading Up 0.0 %

LIN opened at $442.60 on Thursday. The company has a fifty day moving average price of $436.18 and a two-hundred day moving average price of $453.18. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a market cap of $210.75 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 2.70 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 (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.63 EPS. Analysts predict that Linde plc will post 15.45 EPS for the current fiscal year.

Linde Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

Insider Activity at Linde

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased 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. This represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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.