IHT Wealth Management LLC Sells 646 Shares of Linde plc (NASDAQ:LIN)

23 Apr 2025, 06:02 by Amy Steele · The Cerbat Gem

IHT Wealth Management LLC lessened its holdings in Linde plc (NASDAQ:LIN – Free Report) by 15.9% in the fourth quarter, Holdings Channel reports. The firm owned 3,429 shares of the basic materials company’s stock after selling 646 shares during the period. IHT Wealth Management LLC’s holdings in Linde were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Wrapmanager Inc. grew its position in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock valued at $709,000 after buying an additional 22 shares during the period. Knuff & Co LLC grew its position in shares of Linde by 8.8% during the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 22 shares during the period. New Age Alpha Advisors LLC increased its stake in shares of Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 22 shares during the last quarter. Concord Asset Management LLC VA raised its holdings in shares of Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after purchasing an additional 23 shares during the period. Finally, Fourpath Capital Management LLC lifted its stake in Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LIN shares. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Argus upgraded Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $498.00.

Check Out Our Latest Analysis on LIN

Linde Price Performance

LIN stock opened at $454.61 on Wednesday. The firm has a 50 day moving average of $455.03 and a 200-day moving average of $450.77. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $214.99 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. As a group, sell-side analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $1.50 dividend. This is a positive change from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, March 13th. Linde’s dividend payout ratio is currently 44.09%.

Insider Buying and Selling at Linde

In related news, VP David P. Strauss sold 2,477 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares of the company’s stock, valued at $610,662. This represents a 65.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock valued at $5,603,843 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Linde Profile

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