Linde plc (NASDAQ:LIN) Shares Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its stake in Linde plc (NASDAQ:LIN) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the basic materials company’s stock after buying an additional 42 shares during the period. Aaron Wealth Advisors LLC’s holdings in Linde were worth $1,298,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Alliance Advisory Group LLC lifted its position in Linde by 1.8% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 2,261 shares of the basic materials company’s stock valued at $947,000 after purchasing an additional 40 shares during the last quarter. Smith Salley Wealth Management increased its stake in shares of Linde by 0.8% in the fourth quarter. Smith Salley Wealth Management now owns 46,343 shares of the basic materials company’s stock valued at $19,402,000 after purchasing an additional 382 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of Linde by 7.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 1,428 shares of the basic materials company’s stock valued at $598,000 after buying an additional 93 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Linde by 28.1% during the fourth quarter. HB Wealth Management LLC now owns 12,562 shares of the basic materials company’s stock worth $5,260,000 after buying an additional 2,755 shares during the period. Finally, Financial & Tax Architects LLC grew its holdings in Linde by 11.7% in the 4th quarter. Financial & Tax Architects LLC now owns 1,326 shares of the basic materials company’s stock worth $555,000 after buying an additional 139 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup reduced their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $495.75.

Insider Activity

In other news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Up 0.8 %

Shares of Linde stock opened at $436.00 on Friday. 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 $207.61 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $436.85 and its 200-day moving average is $452.82.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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 company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 earnings per share. Equities analysts anticipate that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.22%.

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.