Broadway Wealth Solutions Inc. Reduces Holdings in Linde plc (NASDAQ:LIN)

Broadway Wealth Solutions Inc. decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 478 shares of the basic materials company’s stock after selling 23 shares during the period. Broadway Wealth Solutions Inc.’s holdings in Linde were worth $223,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wrapmanager Inc. grew its position in Linde by 1.3% in the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after purchasing an additional 22 shares during the last quarter. Knuff & Co LLC grew its position in Linde by 8.8% in the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 22 shares during the last quarter. New Age Alpha Advisors LLC grew its position in Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 22 shares during the last quarter. Austin Wealth Management LLC grew its position in Linde by 5.3% in the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 24 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its position in Linde by 0.8% in the 4th quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company’s stock worth $1,305,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.5%

Linde stock opened at $472.71 on Friday. The firm has a market cap of $222.52 billion, a PE ratio of 34.73, a P/E/G ratio of 3.08 and a beta of 0.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The firm’s 50 day moving average price is $452.49 and its two-hundred day moving average price is $448.54. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. Linde had a net margin of 19.89% and a return on equity of 18.71%. The company had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. During the same quarter in the prior year, the business posted $3.75 EPS. Linde’s quarterly revenue was up .1% on a year-over-year basis. On average, research analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.27%. Linde’s dividend payout ratio (DPR) is 43.57%.

Insider Transactions at Linde

In other Linde news, VP Sean Durbin sold 7,261 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the sale, the vice president now directly owns 22,639 shares of the company’s stock, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on LIN. Sanford C. Bernstein upgraded shares of Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Argus raised shares of Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $503.11.

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.