Outlook Wealth Advisors LLC Sells 63 Shares of Linde plc (NASDAQ:LIN)

Outlook Wealth Advisors LLC reduced its position in shares of Linde plc (NASDAQ:LIN) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LIN. Annapolis Financial Services LLC lifted its holdings in shares of Linde by 122.6% during the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after buying an additional 38 shares in the last quarter. Carmel Capital Partners LLC bought a new position in Linde during the third quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in Linde in the 4th quarter worth about $30,000. Johnson Financial Group Inc. boosted its holdings in Linde by 44.4% in the 4th quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 24 shares during the period. Finally, Provence Wealth Management Group acquired a new position in shares of Linde during the 3rd quarter worth approximately $29,000. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

Shares of LIN traded down $0.65 during mid-day trading on Friday, reaching $443.18. The company had a trading volume of 1,583,773 shares, compared to its average volume of 1,507,545. The company has a market capitalization of $213.43 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 2.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. The company’s 50 day simple moving average is $456.06 and its 200 day simple moving average is $420.75. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71.

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

Linde Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and lifted their price target for the company from $475.00 to $500.00 in a research report on Wednesday, April 10th. Mizuho raised Linde from a “neutral” rating to a “buy” rating and set a $510.00 price objective for the company in a report on Thursday, April 18th. Wells Fargo & Company upped their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. UBS Group cut Linde from a “buy” rating to a “neutral” rating and raised their price target for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Finally, Seaport Res Ptn cut shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. 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 MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and a consensus price target of $456.79.

Insider Buying and Selling at Linde

In other news, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 8,151 shares in the company, valued at $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sean Durbin sold 5,277 shares of the company’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 disclosure for this sale can be found here. Over the last three months, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is currently owned by insiders.

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.