Flywheel Private Wealth LLC Takes $230,000 Position in Linde plc (NASDAQ:LIN)

Flywheel Private Wealth LLC bought a new stake in Linde plc (NASDAQ:LIN) in the fourth quarter, HoldingsChannel.com reports. The fund bought 549 shares of the basic materials company’s stock, valued at approximately $230,000.

Several other large investors also recently bought and sold shares of LIN. Global Wealth Strategies & Associates grew its stake 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 worth $30,000 after buying an additional 42 shares in the last quarter. Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter valued at about $34,000. Capital Performance Advisors LLP bought a new position in shares of Linde in the 3rd quarter valued at about $43,000. Voisard Asset Management Group Inc. grew its position 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 worth $53,000 after acquiring an additional 104 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC increased its stake 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 worth $55,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $427.98 on Thursday. The company has a market cap of $203.79 billion, a PE ratio of 32.50, a P/E/G ratio of 2.42 and a beta of 0.94. The firm’s 50 day moving average price is $438.67 and its 200-day moving average price is $453.08. 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.

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, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for 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 business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.63 EPS. Sell-side analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

LIN has been the subject of several analyst reports. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $515.00 in a research note on Monday. Mizuho increased their target price on shares of 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 reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $495.75.

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value 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 position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

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.