Triad Wealth Partners LLC Takes Position in Linde plc (NASDAQ:LIN)

Triad Wealth Partners LLC bought a new stake in shares of Linde plc (NASDAQ:LIN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 620 shares of the basic materials company’s stock, valued at approximately $260,000.

Several other hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of Linde by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 384,520 shares of the basic materials company’s stock valued at $160,987,000 after buying an additional 4,055 shares in the last quarter. Keybank National Association OH raised its position in shares of Linde by 1.2% during the 4th quarter. Keybank National Association OH now owns 44,848 shares of the basic materials company’s stock valued at $18,777,000 after buying an additional 541 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Linde by 79.7% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 11,215 shares of the basic materials company’s stock valued at $4,685,000 after buying an additional 4,975 shares in the last quarter. Bahl & Gaynor Inc. raised its position in shares of Linde by 0.6% during the 4th quarter. Bahl & Gaynor Inc. now owns 8,232 shares of the basic materials company’s stock valued at $3,446,000 after buying an additional 49 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Linde by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,105,290 shares of the basic materials company’s stock valued at $1,300,092,000 after buying an additional 89,408 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, 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. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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 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 completion of the transaction, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 14,377 shares of company stock worth $6,567,231 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of LIN stock opened at $468.25 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The company has a market capitalization of $221.44 billion, a P/E ratio of 34.40, a P/E/G ratio of 3.08 and a beta of 0.94. The company’s 50-day simple moving average is $443.04 and its two-hundred day simple moving average is $455.16. Linde plc has a one year low of $410.69 and a one year high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings data 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%. As a group, equities analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

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

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.