Linde plc (NASDAQ:LIN) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its position in Linde plc (NASDAQ:LIN) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,463 shares of the basic materials company’s stock after selling 200 shares during the quarter. Signaturefd LLC’s holdings in Linde were worth $3,962,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. raised its holdings in shares of Linde by 85.2% in the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after purchasing an additional 1,150 shares in the last quarter. Channel Wealth LLC lifted its position in shares of Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after acquiring an additional 1,723 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after acquiring an additional 5,021 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after acquiring an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Linde during the fourth quarter worth $625,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIN has been the topic of a number of analyst reports. Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Transactions at Linde

In other news, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the sale, the vice president now owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock worth $5,603,843 in the last 90 days. 0.60% of the stock is owned by insiders.

Linde Trading Up 0.5 %

NASDAQ LIN opened at $455.50 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The firm’s fifty day simple moving average is $448.66 and its 200-day simple moving average is $454.78. The company has a market capitalization of $215.41 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

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

Linde Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $1.50 per share. This is a positive change from Linde’s previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. This represents a $6.00 annualized dividend and a dividend yield of 1.32%. Linde’s dividend payout ratio is 44.09%.

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.