3,470 Shares in Linde plc (NASDAQ:LIN) Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC acquired a new position in Linde plc (NASDAQ:LIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,470 shares of the basic materials company’s stock, valued at approximately $1,425,000. Linde accounts for approximately 0.9% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Other institutional investors have also bought and sold shares of the company. Carmel Capital Partners LLC acquired a new stake in Linde in the third quarter worth about $26,000. Annapolis Financial Services LLC lifted its holdings in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Provence Wealth Management Group acquired a new stake in Linde in the 3rd quarter valued at about $29,000. FWL Investment Management LLC acquired a new stake in Linde in the 4th quarter valued at about $30,000. Finally, Halpern Financial Inc. lifted its holdings in Linde by 309.5% in the 3rd quarter. Halpern Financial Inc. now owns 86 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price target on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Wells Fargo & Company upped their price target on shares of Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Mizuho boosted their price objective on Linde from $503.00 to $510.00 and gave the stock a “neutral” rating in a report on Tuesday. Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective on the stock. in a report on Monday, January 22nd. Finally, Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average price target of $448.93.

Linde Stock Down 0.3 %

Shares of LIN traded down $1.32 during trading hours on Wednesday, reaching $466.23. The company’s stock had a trading volume of 1,590,629 shares, compared to its average volume of 2,424,013. The firm has a market cap of $224.53 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 3.05 and a beta of 0.93. Linde plc has a 1-year low of $344.56 and a 1-year high of $477.71. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $436.71 and a two-hundred day moving average of $409.21.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.49 by $0.10. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.16 EPS. As a group, research analysts predict that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, March 13th. This is an increase from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio (DPR) is 44.13%.

Insider Buying and Selling at Linde

In other Linde news, SVP Oliver Pfann sold 300 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Matthew J. White sold 51,231 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $455.84, for a total value of $23,353,139.04. Following the sale, the chief financial officer now owns 57,634 shares in the company, valued at $26,271,882.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,248 shares of company stock worth $35,811,988 over the last 90 days. Insiders own 0.70% of the company’s stock.

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.