Norden Group LLC Sells 106 Shares of Linde plc (NASDAQ:LIN)

Norden Group LLC lessened its stake in shares of Linde plc (NASDAQ:LIN) by 8.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,210 shares of the basic materials company’s stock after selling 106 shares during the period. Norden Group LLC’s holdings in Linde were worth $506,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wrapmanager Inc. boosted its stake in Linde by 1.3% during the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock valued at $709,000 after purchasing an additional 22 shares during the last quarter. Concord Asset Management LLC VA boosted its stake 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 last quarter. Fourpath Capital Management LLC boosted its stake 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 last quarter. Romano Brothers AND Company boosted its stake in Linde by 1.3% during the 4th quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock valued at $841,000 after purchasing an additional 25 shares during the last quarter. Finally, MCF Advisors LLC boosted its stake in Linde by 17.9% during the 4th quarter. MCF Advisors LLC now owns 165 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Linde Trading Down 1.0 %

NASDAQ:LIN opened at $462.25 on Tuesday. 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 stock has a market capitalization of $218.60 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The firm’s 50 day moving average is $441.48 and its 200 day moving average is $455.03. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 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%. Sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $1.50 per share. 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 1.30%. Linde’s payout ratio is presently 44.09%.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,285 shares of company stock valued at $7,423,986 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

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.