Stone Point Wealth LLC Sells 205 Shares of Linde plc (NASDAQ:LIN)

Stone Point Wealth LLC trimmed its stake in Linde plc (NASDAQ:LIN) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,224 shares of the basic materials company’s stock after selling 205 shares during the quarter. Linde comprises approximately 1.3% of Stone Point Wealth LLC’s portfolio, making the stock its 22nd biggest holding. Stone Point Wealth LLC’s holdings in Linde were worth $3,378,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Clear Harbor Asset Management LLC grew its position in Linde by 1.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after acquiring an additional 25 shares during the last quarter. Claro Advisors LLC grew its position in Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after acquiring an additional 25 shares during the last quarter. Fort Point Capital Partners LLC grew its position in Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 26 shares during the last quarter. Seven Mile Advisory grew its position in Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after acquiring an additional 26 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. grew its position in Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after acquiring an additional 26 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on LIN shares. Mizuho increased their price target on shares of Linde from $503.00 to $510.00 and gave the company a “neutral” rating in a research report on Tuesday, March 26th. Wells Fargo & Company increased their price target on shares of Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and increased their price target for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research note on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $448.93.

Insider Activity

In other Linde news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 transaction of $2,466,417.03. Following the transaction, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders sold 78,248 shares of company stock worth $35,811,988 over the last three months. 0.70% of the stock is currently owned by corporate insiders.

Linde Stock Down 0.8 %

Linde stock traded down $3.73 on Tuesday, hitting $457.94. 1,447,902 shares of the stock traded hands, compared to its average volume of 2,326,182. Linde plc has a 1 year low of $350.60 and a 1 year high of $477.71. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $447.01 and its 200 day simple moving average is $414.11. The firm has a market cap of $220.53 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the company earned $3.16 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.39 per share. The ex-dividend date was Wednesday, March 13th. This is an increase from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a dividend yield of 1.21%. Linde’s dividend payout ratio (DPR) 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.