Terril Brothers Inc. Purchases Shares of 488 Linde plc (NASDAQ:LIN)

Terril Brothers Inc. purchased a new stake in Linde plc (NASDAQ:LIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 488 shares of the basic materials company’s stock, valued at approximately $204,000.

Several other hedge funds also recently added to or reduced their stakes in LIN. Helios Capital Management PTE. Ltd. boosted its stake in shares of Linde by 85.2% during 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 acquiring an additional 1,150 shares in the last quarter. Channel Wealth LLC boosted its stake 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 worth $3,092,000 after acquiring an additional 1,723 shares in 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 boosted its stake in shares of Linde by 2.2% during 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 in the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Linde during the 4th quarter worth about $625,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Up 1.5 %

LIN stock opened at $467.05 on Friday. The company has a market cap of $222.39 billion, a price-to-earnings ratio of 34.32, a PEG 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. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The firm has a 50-day moving average of $440.68 and a two-hundred day moving average of $454.93.

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%. As a group, analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is currently 44.09%.

Insider Transactions at Linde

In related news, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,285 shares of company stock worth $7,423,986 in the last 90 days. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup decreased their price target on shares of 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 raised shares of Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.