Heirloom Wealth Management Grows Stock Holdings in Linde plc (NASDAQ:LIN)

Heirloom Wealth Management grew its holdings in Linde plc (NASDAQ:LIN) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,557 shares of the basic materials company’s stock after acquiring an additional 460 shares during the period. Linde accounts for 4.2% of Heirloom Wealth Management’s portfolio, making the stock its 9th largest holding. Heirloom Wealth Management’s holdings in Linde were worth $10,907,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LIN. TradeLink Capital LLC bought a new stake in shares of Linde during the 1st quarter valued at $2,523,000. Moors & Cabot Inc. raised its position in shares of Linde by 36.4% during the 1st quarter. Moors & Cabot Inc. now owns 1,773 shares of the basic materials company’s stock valued at $566,000 after purchasing an additional 473 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Linde by 25.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,996 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 607 shares during the period. Zions Bancorporation N.A. raised its position in shares of Linde by 15.3% during the 1st quarter. Zions Bancorporation N.A. now owns 2,380 shares of the basic materials company’s stock valued at $760,000 after purchasing an additional 316 shares during the period. Finally, Ergoteles LLC bought a new stake in shares of Linde during the 1st quarter valued at $6,682,000. 82.80% of the stock is currently owned by institutional investors.

Insider Transactions at Linde

In other news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the completion of the sale, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the sale, the vice president now owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Seaport Res Ptn downgraded shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Wolfe Research initiated coverage on shares of Linde in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Wells Fargo & Company raised their target price on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. TD Cowen raised their target price on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Finally, UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and raised their target price for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $456.79.

Linde Price Performance

Shares of NASDAQ:LIN traded down $0.13 on Friday, reaching $446.30. The company’s stock had a trading volume of 1,831,170 shares, compared to its average volume of 2,251,431. Linde plc has a 52-week low of $350.60 and a 52-week high of $477.71. The company has a market cap of $214.93 billion, a P/E ratio of 35.42, a PEG ratio of 2.92 and a beta of 0.93. The company has a 50-day simple moving average of $453.89 and a 200 day simple moving average of $418.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 18.87% and a return on equity of 17.06%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $3.16 EPS. As a group, equities research analysts anticipate that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio (DPR) is 44.13%.

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.