Channel Wealth LLC Has $3.09 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Channel Wealth LLC raised its stake in Linde plc (NASDAQ:LIN) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,385 shares of the basic materials company’s stock after buying an additional 1,723 shares during the quarter. Channel Wealth LLC’s holdings in Linde were worth $3,092,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LIN. Decker Retirement Planning Inc. acquired a new position in shares of Linde during the 4th quarter worth $47,000. Empirical Asset Management LLC increased its stake in shares of Linde by 15.6% during the 4th quarter. Empirical Asset Management LLC now owns 17,581 shares of the basic materials company’s stock worth $7,361,000 after purchasing an additional 2,368 shares during the last quarter. Cvfg LLC acquired a new position in shares of Linde during the 4th quarter worth $331,000. JGP Wealth Management LLC increased its stake in shares of Linde by 11.5% during the 4th quarter. JGP Wealth Management LLC now owns 515 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 53 shares during the last quarter. Finally, StrongBox Wealth LLC increased its stake in shares of Linde by 4.5% during the 4th quarter. StrongBox Wealth LLC now owns 9,569 shares of the basic materials company’s stock worth $4,006,000 after purchasing an additional 408 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $515.00 in a research note on Monday. Mizuho increased their price target 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 dropped their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $495.75.

Linde Price Performance

Shares of Linde stock opened at $432.49 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a fifty day moving average price of $437.98 and a two-hundred day moving average price of $452.91. The company has a market cap of $205.93 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued 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. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the firm earned $3.63 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed 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. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were 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 directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s 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 directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by 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.