Linde plc (NASDAQ:LIN) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lessened its holdings in Linde plc (NASDAQ:LIN) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,340 shares of the basic materials company’s stock after selling 55 shares during the quarter. Tributary Capital Management LLC’s holdings in Linde were worth $561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LIN. Global Wealth Strategies & Associates lifted its stake in 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 last quarter. Kozak & Associates Inc. acquired a new stake in Linde during the third quarter worth approximately $34,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Linde during the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new position in shares of Linde in the 3rd quarter valued at $43,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Linde during the 4th quarter worth $47,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Linde Trading Down 0.4 %

NASDAQ LIN opened at $439.25 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $435.45 and a 200 day moving average price of $453.05. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The stock has a market capitalization of $209.15 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.74 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 earnings per share. Equities research analysts expect that Linde plc will post 15.45 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.27%. Linde’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

Several brokerages have issued reports on LIN. Mizuho raised their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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 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 note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.