Nwam LLC Has $423,000 Stake in Linde plc (NASDAQ:LIN)

Nwam LLC cut its position in Linde plc (NASDAQ:LIN) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,010 shares of the basic materials company’s stock after selling 27 shares during the quarter. Nwam LLC’s holdings in Linde were worth $423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. Synergy Asset Management LLC acquired a new stake in shares of Linde during the 4th quarter valued at $25,000. Strategic Financial Concepts LLC bought a new position in Linde in the 4th quarter valued at approximately $28,000. Global Wealth Strategies & Associates lifted its holdings in shares of Linde by 144.8% during the fourth 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 bought a new stake in shares of Linde in the fourth quarter worth $34,000. Finally, Kozak & Associates Inc. grew its position in shares of Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after buying an additional 27 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of several recent analyst reports. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Performance

Shares of LIN opened at $467.05 on Friday. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The stock’s fifty day moving average price is $440.68 and its two-hundred day moving average price is $454.96. The firm has a market cap of $222.39 billion, a PE ratio of 34.32, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, equities research analysts forecast that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a yield of 1.28%. Linde’s dividend payout ratio (DPR) is 44.09%.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,285 shares of company stock worth $7,423,986. Corporate insiders own 0.60% of the company’s stock.

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.