SYSTM Wealth Solutions LLC Sells 2,875 Shares of Linde plc (NASDAQ:LIN)

SYSTM Wealth Solutions LLC decreased its stake in shares of Linde plc (NASDAQ:LIN) by 68.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,313 shares of the basic materials company’s stock after selling 2,875 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Linde were worth $576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Members Trust Co grew its holdings in shares of Linde by 3.7% during the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC raised its holdings in Linde by 1.3% in the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares in the last quarter. Johnson Financial Group Inc. lifted its position in Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after buying an additional 24 shares during the period. Valued Wealth Advisors LLC boosted its holdings in shares of Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares in the last quarter. Finally, CNB Bank grew its position in shares of Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after buying an additional 24 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America raised their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. UBS Group dropped their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, BMO Capital Markets restated an “outperform” rating and set a $477.00 price target on shares of Linde in a report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Linde Price Performance

LIN opened at $467.03 on Thursday. The company’s 50-day simple moving average is $456.76 and its two-hundred day simple moving average is $449.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The stock has a market capitalization of $224.49 billion, a P/E ratio of 36.23, a P/E/G ratio of 2.93 and a beta of 0.94. Linde plc has a 52-week low of $361.02 and a 52-week high of $479.79.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the prior year, the firm earned $3.57 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts predict that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

About Linde

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.