ORG Partners LLC Has $173,000 Position in Linde plc (NASDAQ:LIN)

ORG Partners LLC lessened its holdings in Linde plc (NASDAQ:LIN) by 33.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 410 shares of the basic materials company’s stock after selling 209 shares during the period. ORG Partners LLC’s holdings in Linde were worth $173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kozak & Associates Inc. purchased a new stake in Linde in the 3rd quarter worth about $34,000. Global Wealth Strategies & Associates increased its holdings in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Linde in the third quarter worth approximately $43,000. Voisard Asset Management Group Inc. boosted its holdings in shares of 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 worth $53,000 after purchasing an additional 104 shares during the period. Finally, Beaird Harris Wealth Management LLC grew 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. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup dropped their target price on 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 lifted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Buying and Selling at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction that occurred on 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 owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Stock Down 1.4 %

Linde stock opened at $414.15 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a fifty day moving average price of $439.96 and a two-hundred day moving average price of $453.19. The firm has a market cap of $197.20 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.79 and a beta of 0.94.

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

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

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.