Outlook Wealth Advisors LLC Has $384,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Outlook Wealth Advisors LLC trimmed its holdings in Linde plc (NASDAQ:LIN) by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 827 shares of the basic materials company’s stock after selling 63 shares during the period. Outlook Wealth Advisors LLC’s holdings in Linde were worth $384,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in shares of Linde by 2.6% in the 3rd quarter. FMR LLC now owns 13,919,350 shares of the basic materials company’s stock valued at $5,182,870,000 after acquiring an additional 354,506 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Linde by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after purchasing an additional 141,322 shares during the last quarter. Norges Bank bought a new position in shares of Linde in the fourth quarter valued at approximately $3,066,825,000. Winder Pte. Ltd. acquired a new stake in shares of Linde in the third quarter worth $1,892,774,000. Finally, Northern Trust Corp boosted its holdings in shares of Linde by 2.5% during the 3rd quarter. Northern Trust Corp now owns 5,081,177 shares of the basic materials company’s stock worth $1,891,976,000 after buying an additional 123,174 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Oliver Pfann sold 300 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction on 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 transaction, 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. Insiders sold 78,248 shares of company stock worth $35,811,988 in the last 90 days. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Linde Stock Performance

LIN traded down $0.65 during trading on Friday, reaching $443.18. 1,583,773 shares of the company’s stock were exchanged, compared to its average volume of 1,507,545. The company has a market capitalization of $213.43 billion, a P/E ratio of 35.17, a PEG ratio of 2.90 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $456.06 and a 200 day moving average price of $420.75. Linde plc has a fifty-two week low of $350.60 and a fifty-two week high of $477.71.

Linde (NASDAQ:LIN) last released 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 company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $3.16 EPS. As a group, analysts predict that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Increases Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. Linde’s dividend payout ratio is presently 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.