Linde plc (NASDAQ:LIN) Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its position in Linde plc (NASDAQ:LIN) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,422 shares of the basic materials company’s stock after buying an additional 659 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Linde were worth $6,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Linde by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after buying an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after acquiring an additional 2,592,682 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after acquiring an additional 50,882 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after acquiring an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LIN. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. Four 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, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Trading Down 0.4 %

Shares of LIN stock opened at $439.25 on Friday. 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 has a 50-day simple moving average of $435.45 and a 200 day simple moving average of $453.05. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The stock has a market capitalization of $209.15 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.74 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion for 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 firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.63 earnings per share. On average, sell-side analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,385 shares of Linde 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 transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

About Linde

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.