Linde plc (NASDAQ:LIN) Position Increased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC raised its holdings in shares of Linde plc (NASDAQ:LIN) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,758 shares of the basic materials company’s stock after purchasing an additional 83 shares during the quarter. Linde accounts for about 0.8% of Trueblood Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Trueblood Wealth Management LLC’s holdings in Linde were worth $1,573,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. bought a new stake in Linde during the third quarter worth approximately $34,000. Global Wealth Strategies & Associates boosted its stake in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Linde in the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new position in Linde in the 3rd quarter worth approximately $43,000. Finally, Voisard Asset Management Group Inc. boosted its stake in Linde by 1,733.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 104 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Up 0.8 %

Linde stock opened at $436.00 on Monday. The company has a market capitalization of $207.61 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.42 and a beta of 0.94. The firm’s fifty day simple moving average is $436.85 and its 200-day simple moving average is $452.97. 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 1-year low of $396.07 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share 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 the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.63 EPS. Sell-side analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.28%. Linde’s dividend payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent analyst reports. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen raised shares of 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 note on Monday, January 13th. Finally, BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $495.75.

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of Linde 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 completion of the transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

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.