Linde plc (NASDAQ:LIN) Shares Sold by Triangle Securities Wealth Management

Triangle Securities Wealth Management decreased its stake in Linde plc (NASDAQ:LIN) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,395 shares of the basic materials company’s stock after selling 148 shares during the quarter. Triangle Securities Wealth Management’s holdings in Linde were worth $2,259,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Global Wealth Strategies & Associates increased its stake in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Linde during the third quarter worth approximately $34,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Linde during the fourth quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new position in Linde in the 3rd quarter valued at $43,000. Finally, Decker Retirement Planning Inc. purchased a new position in Linde in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $495.75.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Up 0.8 %

Shares of LIN opened at $436.00 on Friday. The company’s 50-day moving average price is $436.85 and its 200 day moving average price is $452.82. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm has a market cap of $207.61 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.63 EPS. On average, sell-side analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

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.