TSA Wealth Managment LLC Sells 40 Shares of Linde plc (NASDAQ:LIN)

TSA Wealth Managment LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 729 shares of the basic materials company’s stock after selling 40 shares during the period. TSA Wealth Managment LLC’s holdings in Linde were worth $305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. Proficio Capital Partners LLC lifted its stake in Linde by 56,467.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,097,982 shares of the basic materials company’s stock worth $459,692,000 after purchasing an additional 1,096,041 shares during the period. Assenagon Asset Management S.A. lifted its stake in Linde by 2,293.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after purchasing an additional 749,763 shares during the period. KBC Group NV lifted its stake in Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares during the period. Finally, DJE Kapital AG bought a new position in Linde during the fourth quarter worth about $121,442,000. Institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares of the company’s stock, valued at $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,285 shares of company stock valued at $7,423,986 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on LIN shares. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. 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 research note on Monday, January 13th. Finally, Citigroup cut their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Performance

Shares of Linde stock opened at $462.25 on Tuesday. 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 firm has a market cap of $218.60 billion, a P/E ratio of 33.96, a P/E/G ratio of 3.08 and a beta of 0.94. The firm has a 50 day simple moving average of $441.48 and a 200 day simple moving average of $455.03. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly 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%. Sell-side analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $1.50 dividend. 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 1.30%. This is a positive change from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is currently 44.09%.

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.