Marks Group Wealth Management Inc Lowers Stock Holdings in Linde plc (NASDAQ:LIN)

Marks Group Wealth Management Inc lowered its stake in Linde plc (NASDAQ:LIN) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,140 shares of the basic materials company’s stock after selling 369 shares during the period. Marks Group Wealth Management Inc’s holdings in Linde were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Annapolis Financial Services LLC raised its position in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 38 shares in the last quarter. Carmel Capital Partners LLC acquired a new stake in shares of Linde during the 3rd quarter worth about $26,000. Provence Wealth Management Group acquired a new stake in shares of Linde during the 3rd quarter worth about $29,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Linde by 42.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 38 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Linde during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the sale, the vice president now directly owns 6,920 shares in the company, valued at approximately $3,177,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Linde news, VP Juergen Nowicki sold 13,134 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The disclosure for this sale can be found here. Insiders sold a total of 78,248 shares of company stock valued at $35,811,988 in the last ninety days. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on LIN shares. Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Mizuho upgraded Linde from a “neutral” rating to a “buy” rating and set a $510.00 target price on the stock in a research note on Thursday, April 18th. Wolfe Research began coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 target price on the stock. in a research note on Monday, January 22nd. Finally, TD Cowen lifted their target price on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average target price of $456.79.

Linde Trading Down 0.1 %

Linde stock traded down $0.50 during trading on Tuesday, hitting $446.47. The company’s stock had a trading volume of 606,670 shares, compared to its average volume of 2,218,466. The stock has a market capitalization of $215.01 billion, a price-to-earnings ratio of 35.47, a P/E/G ratio of 2.91 and a beta of 0.93. The stock’s fifty day moving average is $454.44 and its 200 day moving average is $419.43. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the previous year, the business earned $3.16 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. This is a positive change from Linde’s previous quarterly dividend of $0.88. Linde’s payout ratio is currently 44.13%.

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.