Wealthcare Advisory Partners LLC Has $558,000 Stock Position in Linde plc (NASDAQ:LIN)

Wealthcare Advisory Partners LLC lifted its position in shares of Linde plc (NASDAQ:LIN) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,359 shares of the basic materials company’s stock after purchasing an additional 92 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Linde were worth $558,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Clear Harbor Asset Management LLC grew its position in Linde by 1.8% in the 4th 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 in the last quarter. Claro Advisors LLC increased its position in shares of Linde by 1.1% during the 4th quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after purchasing an additional 25 shares during the last quarter. Fort Point Capital Partners LLC raised its stake in shares of Linde by 1.9% during the 3rd quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock worth $516,000 after purchasing an additional 26 shares during the period. Seven Mile Advisory boosted its holdings in shares of Linde by 4.2% in the 3rd quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock worth $238,000 after buying an additional 26 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. grew its position in Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Matthew J. White sold 51,231 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the transaction, the chief financial officer now directly owns 57,634 shares of the company’s stock, valued at $26,271,882.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the sale, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,948 shares of company stock worth $35,687,605. Company insiders own 0.70% of the company’s stock.

Linde Stock Down 0.5 %

Shares of NASDAQ LIN opened at $427.71 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. Linde plc has a one year low of $350.60 and a one year high of $477.71. The firm’s 50 day simple moving average is $454.81 and its two-hundred day simple moving average is $424.19. The stock has a market capitalization of $205.59 billion, a P/E ratio of 33.18, a PEG ratio of 2.78 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. During the same period last year, the firm earned $3.42 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts expect that Linde plc will post 15.5 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is 43.13%.

Wall Street Analyst Weigh In

LIN has been the topic of several recent research reports. Wolfe Research started coverage on shares of Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. HSBC lowered their target price on shares of Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a report on Monday. Mizuho lifted their price target on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Citigroup cut Linde from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Finally, BMO Capital Markets decreased their price target on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average price target of $464.69.

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.