Linde plc (NASDAQ:LIN) Stock Holdings Lowered by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC reduced its holdings in Linde plc (NASDAQ:LIN) by 24.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,970 shares of the basic materials company’s stock after selling 628 shares during the quarter. Linde accounts for 0.9% of Tilt Investment Management Holdings PBC’s holdings, making the stock its 26th biggest position. Tilt Investment Management Holdings PBC’s holdings in Linde were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIN. Norges Bank purchased a new position in shares of Linde in the fourth quarter worth approximately $2,409,138,000. Winder Pte. Ltd. purchased a new position in shares of Linde in the third quarter worth approximately $1,892,774,000. WCM Investment Management LLC increased its position in shares of Linde by 888.7% in the first quarter. WCM Investment Management LLC now owns 3,741,529 shares of the basic materials company’s stock worth $1,329,889,000 after acquiring an additional 3,363,112 shares in the last quarter. Morgan Stanley increased its position in shares of Linde by 55.9% in the fourth quarter. Morgan Stanley now owns 5,457,759 shares of the basic materials company’s stock worth $1,780,213,000 after acquiring an additional 1,956,394 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Linde by 450.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,141,656 shares of the basic materials company’s stock valued at $698,566,000 after purchasing an additional 1,752,456 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Activity at Linde

In related news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Oliver Pfann sold 300 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders sold a total of 78,248 shares of company stock worth $35,811,988 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research analyst reports. Mizuho raised shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 price objective on the stock in a research report on Thursday. TD Cowen boosted their price objective on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Wolfe Research initiated coverage on shares of Linde in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Stifel Nicolaus downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective on the stock. in a research report on Monday, January 22nd. Finally, Seaport Res Ptn downgraded shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average target price of $456.79.

Linde Stock Performance

Shares of Linde stock traded down $0.86 on Thursday, reaching $445.93. The stock had a trading volume of 538,755 shares, compared to its average volume of 2,249,708. The business’s 50-day moving average price is $452.70 and its two-hundred day moving average price is $417.56. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. Linde plc has a fifty-two week low of $350.60 and a fifty-two week high of $477.71. The stock has a market cap of $214.75 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 2.91 and a beta of 0.93.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the previous year, the company earned $3.16 earnings per share. Linde’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $1.39 per share. This is a boost from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 13th. Linde’s dividend payout ratio is presently 44.13%.

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.