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

SYSTM Wealth Solutions LLC cut its holdings in Linde plc (NASDAQ:LIN) by 68.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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.

A number of other hedge funds have also bought and sold shares of the business. Meridian Wealth Partners LLC grew its position in shares of Linde by 5.2% in the second quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company’s stock valued at $212,000 after purchasing an additional 24 shares in the last quarter. E Fund Management Co. Ltd. grew its holdings in Linde by 6.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 7,110 shares of the basic materials company’s stock valued at $3,120,000 after buying an additional 405 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in shares of Linde by 34.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 26,278 shares of the basic materials company’s stock valued at $11,531,000 after buying an additional 6,708 shares during the period. Financial & Tax Architects LLC lifted its holdings in shares of Linde by 31.1% in the second quarter. Financial & Tax Architects LLC now owns 1,074 shares of the basic materials company’s stock worth $471,000 after buying an additional 255 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in shares of Linde by 10.6% in the second quarter. Axxcess Wealth Management LLC now owns 15,653 shares of the basic materials company’s stock valued at $6,869,000 after acquiring an additional 1,501 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LIN shares. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Citigroup lifted their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Barclays boosted their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America lifted their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, UBS Group decreased their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $484.18.

Insider Activity at Linde

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

Linde Price Performance

Shares of NASDAQ:LIN opened at $467.03 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock has a market cap of $224.49 billion, a PE ratio of 36.23, a PEG ratio of 2.93 and a beta of 0.94. The company’s fifty day moving average is $456.76 and its 200 day moving average is $449.13. Linde plc has a 52 week low of $361.02 and a 52 week high of $479.79.

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

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is 43.13%.

Linde 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.