180 Wealth Advisors LLC Sells 51 Shares of Linde plc (NASDAQ:LIN)

180 Wealth Advisors LLC cut its stake in Linde plc (NASDAQ:LIN) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925 shares of the basic materials company’s stock after selling 51 shares during the period. 180 Wealth Advisors LLC’s holdings in Linde were worth $387,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LIN. Global Wealth Strategies & Associates lifted its position in 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. Kozak & Associates Inc. bought a new stake in shares of Linde during the 3rd quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Linde during the 3rd quarter worth approximately $43,000. Voisard Asset Management Group Inc. increased its stake in Linde by 1,733.3% in the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 104 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its position in Linde by 618.8% during the third quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 99 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Linde

In other Linde news, 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 sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $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. 0.60% of the stock is currently owned by company insiders.

Linde Price Performance

LIN stock opened at $427.29 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a market capitalization of $203.46 billion, a P/E ratio of 32.44, a PEG ratio of 2.79 and a beta of 0.94. The company has a fifty day moving average price of $438.67 and a 200-day moving average price of $453.08.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period last year, the company earned $3.63 EPS. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is presently 42.22%.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent analyst reports. Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a research note on Monday. Finally, BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $495.75.

Linde 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.