Tandem Wealth Advisors LLC Boosts Holdings in Linde plc (NASDAQ:LIN)

Tandem Wealth Advisors LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 940 shares of the basic materials company’s stock after buying an additional 49 shares during the quarter. Tandem Wealth Advisors LLC’s holdings in Linde were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Treasurer of the State of North Carolina grew its holdings in shares of Linde by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company’s stock worth $88,505,000 after acquiring an additional 1,320 shares during the period. Neuberger Berman Group LLC grew its stake in Linde by 9.2% in the fourth quarter. Neuberger Berman Group LLC now owns 730,994 shares of the basic materials company’s stock worth $306,043,000 after purchasing an additional 61,564 shares during the period. Redwood Park Advisors LLC bought a new position in Linde in the fourth quarter worth $49,000. Phoenix Financial Ltd. lifted its position in Linde by 5.5% during the fourth quarter. Phoenix Financial Ltd. now owns 15,680 shares of the basic materials company’s stock valued at $6,565,000 after buying an additional 820 shares during the period. Finally, CenterBook Partners LP boosted its holdings in shares of Linde by 21.9% during the 4th quarter. CenterBook Partners LP now owns 3,714 shares of the basic materials company’s stock valued at $1,555,000 after buying an additional 666 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

Shares of LIN opened at $431.88 on Friday. The company has a market capitalization of $204.24 billion, a P/E ratio of 31.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $456.55 and a 200 day moving average of $452.25.

Linde (NASDAQ:LIN) last posted its 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 return on equity of 18.71% and a net margin of 19.89%. As a group, equities research analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $6.00 annualized dividend and a yield of 1.39%. This is a boost from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio is currently 44.09%.

Insider Activity

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the sale, the vice president now owns 1,300 shares of the company’s stock, valued at approximately $610,662. This represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock valued at $5,603,843 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LIN shares. Citigroup reduced their target price 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. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

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.