Traveka Wealth LLC Acquires 31 Shares of Linde plc (NASDAQ:LIN)

Traveka Wealth LLC boosted its stake in shares of Linde plc (NASDAQ:LIN) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,110 shares of the basic materials company’s stock after buying an additional 31 shares during the quarter. Traveka Wealth LLC’s holdings in Linde were worth $465,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates boosted its stake in Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of Linde in the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new position in Linde in the third quarter valued at approximately $43,000. Voisard Asset Management Group Inc. grew its holdings in Linde by 1,733.3% during the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 104 shares during the period. Finally, Beaird Harris Wealth Management LLC increased its position in Linde by 618.8% in the third quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock worth $55,000 after buying an additional 99 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Linde stock opened at $421.43 on Tuesday. The stock has a market cap of $200.67 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.79 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $439.22 and a 200 day simple moving average of $453.16. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.63 earnings per share. On average, research analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.22%.

Insider Transactions at Linde

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on LIN. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup lowered their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets raised 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, Mizuho boosted their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $495.75.

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.