Integrated Wealth Concepts LLC Purchases 844 Shares of Linde plc (NASDAQ:LIN)

Integrated Wealth Concepts LLC raised its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,132 shares of the basic materials company's stock after purchasing an additional 844 shares during the period. Integrated Wealth Concepts LLC's holdings in Linde were worth $3,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Synergy Asset Management LLC acquired a new position in Linde in the 4th quarter worth about $25,000. Rakuten Securities Inc. raised its holdings in Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after buying an additional 58 shares during the last quarter. Global Wealth Strategies & Associates boosted its position in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after buying an additional 42 shares during the period. Retirement Wealth Solutions LLC bought a new stake in Linde during the 4th quarter worth approximately $34,000. Finally, New Age Alpha Advisors LLC increased its position in Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 22 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Juergen Nowicki sold 6,782 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,159 shares of company stock worth $5,603,843 over the last three months. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LIN has been the topic of several analyst reports. Argus raised shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and increased their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $498.00.

Linde Stock Down 1.1 %

NASDAQ:LIN traded down $5.18 during trading hours on Thursday, reaching $448.05. The company had a trading volume of 2,527,174 shares, compared to its average volume of 1,953,565. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm has a market cap of $211.89 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 3.08 and a beta of 0.94. The business's 50-day simple moving average is $453.75 and its two-hundred day simple moving average is $450.09.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. The business had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The firm's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.75 EPS. On average, equities analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's dividend payout ratio is currently 44.09%.

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.