Interchange Capital Partners LLC Sells 121 Shares of Linde plc (NASDAQ:LIN)

Interchange Capital Partners LLC trimmed its position in Linde plc (NASDAQ:LIN) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 659 shares of the basic materials company’s stock after selling 121 shares during the period. Interchange Capital Partners LLC’s holdings in Linde were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LIN. Synergy Asset Management LLC acquired a new position in shares of Linde in the 4th quarter valued at $25,000. Rakuten Securities Inc. increased its holdings in shares of Linde by 1,160.0% in the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 58 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the fourth quarter worth about $28,000. Global Wealth Strategies & Associates lifted its holdings in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Finally, Retirement Wealth Solutions LLC purchased a new stake in Linde in the fourth quarter valued at approximately $34,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Up 0.2 %

Shares of LIN opened at $459.09 on Tuesday. The firm has a market cap of $217.11 billion, a P/E ratio of 33.73, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The stock’s 50 day moving average is $453.71 and its two-hundred day moving average is $454.18. 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 (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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. This represents a $6.00 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, March 13th. Linde’s payout ratio is 44.09%.

Insider Buying and Selling at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 1,300 shares in the company, valued at approximately $610,662. This represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,159 shares of company stock worth $5,603,843. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

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

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.