Genesis Private Wealth LLC Takes Position in Linde plc (NASDAQ:LIN)

Genesis Private Wealth LLC purchased a new stake in shares of Linde plc (NASDAQ:LIN) during the fourth quarter, Holdings Channel.com reports. The fund purchased 494 shares of the basic materials company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC lifted its position in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after buying an additional 21 shares in the last quarter. Prentice Wealth Management LLC lifted its holdings in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 23 shares during the period. Quotient Wealth Partners LLC lifted its holdings in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC boosted its position in Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in Linde by 2.9% in the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of LIN opened at $442.60 on Thursday. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The stock’s 50-day simple moving average is $436.18 and its 200 day simple moving average is $453.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market capitalization of $210.75 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.70 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 earnings per share. Research analysts forecast that Linde plc will post 15.45 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. Linde’s dividend payout ratio (DPR) is currently 42.22%.

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho boosted 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. BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 22,776 shares of the company’s stock, 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. 0.60% of the stock is currently owned by company 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.