Cumberland Partners Ltd Has $28.15 Million Position in Linde plc (NASDAQ:LIN)

Cumberland Partners Ltd cut its position in Linde plc (NASDAQ:LIN) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,366 shares of the basic materials company’s stock after selling 645 shares during the quarter. Linde accounts for about 2.4% of Cumberland Partners Ltd’s portfolio, making the stock its 15th largest holding. Cumberland Partners Ltd’s holdings in Linde were worth $28,153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LIN. International Assets Investment Management LLC grew its holdings in shares of Linde by 4.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,237 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 50 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Linde during the 3rd quarter worth approximately $254,000. Global Retirement Partners LLC grew its holdings in Linde by 8.3% during the 3rd quarter. Global Retirement Partners LLC now owns 628 shares of the basic materials company’s stock worth $238,000 after acquiring an additional 48 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in Linde by 7.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,349 shares of the basic materials company’s stock worth $502,000 after acquiring an additional 88 shares during the last quarter. Finally, Ziegler Capital Management LLC bought a new stake in Linde during the 3rd quarter worth approximately $219,000. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LIN shares. Wells Fargo & Company boosted their target price on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. TD Cowen boosted their target price on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and upped their price objective for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Finally, Wolfe Research assumed coverage on shares of Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $456.79.

Linde Stock Down 0.4 %

Shares of Linde stock traded down $1.91 during trading on Tuesday, reaching $445.06. 1,464,431 shares of the company traded hands, compared to its average volume of 2,229,750. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71. The company has a 50 day moving average price of $455.01 and a 200-day moving average price of $419.93. The firm has a market capitalization of $214.33 billion, a PE ratio of 35.32, a P/E/G ratio of 2.91 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the company posted $3.16 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Increases Dividend

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

Insiders Place Their Bets

In other Linde news, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares in the company, valued at $3,177,248.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Sanjiv Lamba sold 8,306 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $462.04, for a total value of $3,837,704.24. Following the completion of the sale, the chief executive officer now owns 56,398 shares in the company, valued at $26,058,131.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Juergen Nowicki sold 13,134 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the completion of the sale, the vice president now owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,248 shares of company stock worth $35,811,988. Insiders own 0.70% of the company’s stock.

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.