Outlook Wealth Advisors LLC Makes New $366,000 Investment in Linde plc (NASDAQ:LIN)

Outlook Wealth Advisors LLC purchased a new stake in shares of Linde plc (NASDAQ:LIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 890 shares of the basic materials company’s stock, valued at approximately $366,000.

A number of other large investors also recently modified their holdings of the business. Clear Harbor Asset Management LLC lifted its position in Linde by 1.8% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 25 shares during the period. Claro Advisors LLC boosted its stake in Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after buying an additional 25 shares in the last quarter. Fort Point Capital Partners LLC grew its holdings in Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock worth $516,000 after acquiring an additional 26 shares during the period. Seven Mile Advisory raised its position in Linde by 4.2% in the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock worth $238,000 after acquiring an additional 26 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its holdings in Linde by 1.0% in the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after acquiring an additional 26 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Down 1.2 %

Linde stock traded down $5.59 during trading hours on Friday, hitting $447.41. The company had a trading volume of 1,976,740 shares, compared to its average volume of 3,267,283. Linde plc has a fifty-two week low of $350.60 and a fifty-two week high of $477.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67. The firm has a market capitalization of $215.46 billion, a P/E ratio of 35.51, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. The firm’s fifty day moving average is $450.62 and its 200-day moving average is $416.03.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. Linde’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.16 earnings per share. On average, research analysts forecast that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.24%. This is a positive change from Linde’s previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, March 13th. Linde’s payout ratio is currently 44.13%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LIN. Wolfe Research started coverage on shares of Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Wells Fargo & Company raised their price objective on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday. Stifel Nicolaus cut Linde from a “buy” rating to a “hold” rating and set a $429.00 target price on the stock. in a report on Monday, January 22nd. Finally, UBS Group lowered Linde from a “buy” rating to a “neutral” rating and increased their price target for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Linde presently has a consensus rating of “Hold” and a consensus price target of $456.79.

Insider Activity at Linde

In other news, VP Juergen Nowicki sold 13,134 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the completion of the sale, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,248 shares of company stock valued at $35,811,988. 0.70% of the stock is owned by corporate insiders.

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.