620 Shares in Linde plc (NASDAQ:LIN) Purchased by Triad Wealth Partners LLC

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

A number of other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in shares of Linde by 1.1% during the fourth quarter. Victory Capital Management Inc. now owns 384,520 shares of the basic materials company’s stock valued at $160,987,000 after purchasing an additional 4,055 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of Linde by 1.2% during the fourth quarter. Keybank National Association OH now owns 44,848 shares of the basic materials company’s stock valued at $18,777,000 after purchasing an additional 541 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Linde by 79.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 11,215 shares of the basic materials company’s stock valued at $4,685,000 after purchasing an additional 4,975 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of Linde by 0.6% during the fourth quarter. Bahl & Gaynor Inc. now owns 8,232 shares of the basic materials company’s stock valued at $3,446,000 after purchasing an additional 49 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Linde by 3.0% during the fourth 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 purchasing an additional 89,408 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LIN shares. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup decreased their price objective 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. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,377 shares of company stock valued at $6,567,231 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $468.25 on Thursday. The firm has a market cap of $221.44 billion, a PE ratio of 34.40, a P/E/G 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. The firm has a fifty day simple moving average of $443.04 and a two-hundred day simple moving average of $455.16. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. On average, equities analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $1.50 per share. This is an increase from Linde’s previous quarterly dividend of $1.39. 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%. Linde’s payout ratio is presently 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.