Linde PLC $LIN Position Increased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lifted its holdings in shares of Linde PLC (NASDAQ:LIN) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,553 shares of the basic materials company’s stock after buying an additional 1,224 shares during the period. Hohimer Wealth Management LLC’s holdings in Linde were worth $4,534,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. JCIC Asset Management Inc. acquired a new position in Linde during the 3rd quarter worth approximately $26,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after buying an additional 28 shares during the period. Principia Wealth Advisory LLC lifted its holdings in shares of Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after buying an additional 23 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Linde in the 3rd quarter valued at approximately $29,000. Finally, Manning & Napier Advisors LLC boosted its stake in shares of Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore upped their price objective on Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Barclays raised their target price on Linde from $577.00 to $591.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Mizuho set a $583.00 target price on shares of Linde in a research report on Thursday, October 29th. Weiss Ratings cut shares of Linde from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, November 3rd. Finally, Jefferies Financial Group increased their price target on shares of Linde from $535.00 to $560.00 and gave the company a “buy” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.05.

Insider Activity

In other news, CFO Matthew J. White sold 86,833 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $521.21, for a total transaction of $45,258,227.93. Following the completion of the sale, the chief financial officer directly owned 50,733 shares in the company, valued at $26,442,546.93. This trade represents a 63.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Guillermo Bichara sold 9,350 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $518.91, for a total value of $4,851,808.50. Following the sale, the vice president owned 22,138 shares of the company’s stock, valued at approximately $11,487,629.58. This trade represents a 29.69% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.30% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $515.25 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 0.50. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The stock’s fifty day simple moving average is $486.57 and its 200-day simple moving average is $494.34. The company has a market capitalization of $236.54 billion, a P/E ratio of 34.24, a P/E/G ratio of 3.00 and a beta of 0.67.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.07. Linde had a net margin of 19.34% and a return on equity of 20.32%. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the previous year, the firm posted $4.21 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Linde PLC will post 17.89 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, December 3rd. Linde’s dividend payout ratio is currently 42.52%.

Linde Company Profile

Linde plc is a global industrial gases and engineering company. It produces and supplies atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium and specialty gases. The company also designs and builds equipment and facilities used to produce and process gases.

Linde serves customers across industries including healthcare, manufacturing, chemicals, food and beverage, electronics and energy. Its operations span the Americas, Europe, the Middle East and Africa, and Asia-Pacific.

The company was formed in 2018 through the merger of Germany’s Linde AG and U.S.-based Praxair, bringing together businesses with long histories in industrial gases and engineering.