TD Private Client Wealth LLC Decreases Stock Holdings in Linde plc (NASDAQ:LIN)

TD Private Client Wealth LLC trimmed its position in Linde plc (NASDAQ:LIN) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,791 shares of the basic materials company’s stock after selling 2,455 shares during the quarter. TD Private Client Wealth LLC’s holdings in Linde were worth $5,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Wrapmanager Inc. increased its stake in shares of Linde by 1.3% in the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after buying an additional 22 shares during the period. Knuff & Co LLC increased its position in 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 purchasing an additional 22 shares during the period. Concord Asset Management LLC VA increased its position in Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 23 shares during the period. Fourpath Capital Management LLC increased its position in Linde by 0.6% during the 4th 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 period. Finally, Austin Wealth Management LLC increased its position in Linde by 5.3% during the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, Director Robert L. Wood sold 2,900 shares of the business’s 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 completion of the transaction, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 1,300 shares of the company’s stock, valued at approximately $610,662. This trade represents a 65.58 % 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 worth $5,603,843 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LIN. Citigroup reduced their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Performance

Shares of LIN stock opened at $457.75 on Friday. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The stock has a market cap of $216.48 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. 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 company’s fifty day moving average price is $452.08 and its 200-day moving average price is $454.63.

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

Linde Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $1.50 dividend. This is a boost from Linde’s previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a yield of 1.31%. Linde’s payout ratio is presently 44.09%.

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.