Linde plc (NASDAQ:LIN) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,055 shares of the basic materials company’s stock after selling 156 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Linde were worth $844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LIN. Winder Pte. Ltd. purchased a new stake in shares of Linde during the 3rd quarter worth about $1,892,774,000. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Linde during the 3rd quarter worth about $168,636,000. International Assets Investment Management LLC grew its holdings in shares of Linde by 33,201.7% during the 4th quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock worth $169,189,000 after purchasing an additional 410,705 shares during the period. Nordea Investment Management AB grew its holdings in shares of Linde by 17.8% during the 3rd quarter. Nordea Investment Management AB now owns 2,592,343 shares of the basic materials company’s stock worth $973,865,000 after purchasing an additional 391,153 shares during the period. Finally, Alphinity Investment Management Pty Ltd grew its holdings in shares of Linde by 53.1% during the 3rd quarter. Alphinity Investment Management Pty Ltd now owns 1,033,116 shares of the basic materials company’s stock worth $384,681,000 after purchasing an additional 358,492 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total value of $6,030,344.76. Following the sale, the vice president now directly owns 6,920 shares in the company, valued at $3,177,248.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,248 shares of company stock valued at $35,811,988. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $443.18 on Monday. The business’s 50 day moving average is $456.06 and its two-hundred day moving average is $421.34. Linde plc has a 52-week low of $350.60 and a 52-week high of $477.71. The firm has a market cap of $213.43 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 2.89 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33.

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

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.39 per share. This is a positive change from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Wednesday, March 13th. Linde’s dividend payout ratio is currently 44.13%.

Analysts Set New Price Targets

LIN has been the subject of a number of research reports. TD Cowen boosted their target price on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Mizuho upgraded Linde from a “neutral” rating to a “buy” rating and set a $510.00 price target for the company in a report on Thursday, April 18th. Citigroup cut Linde from a “buy” rating to a “neutral” rating and upped their price target for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Finally, Stifel Nicolaus cut Linde from a “buy” rating to a “hold” rating and set a $429.00 price target for the company. in a report on Monday, January 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $460.00.

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.