NewSquare Capital LLC Has $147,000 Stock Holdings in Linde plc (NASDAQ:LIN)

NewSquare Capital LLC reduced its position in shares of Linde plc (NASDAQ:LIN) by 82.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 350 shares of the basic materials company’s stock after selling 1,601 shares during the period. NewSquare Capital LLC’s holdings in Linde were worth $147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LIN. Triad Wealth Partners LLC bought a new stake in Linde during the fourth quarter worth $260,000. Victory Capital Management Inc. grew its stake in shares of Linde by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 384,520 shares of the basic materials company’s stock worth $160,987,000 after acquiring an additional 4,055 shares in the last quarter. Keybank National Association OH grew its stake in shares of Linde by 1.2% in the 4th quarter. Keybank National Association OH now owns 44,848 shares of the basic materials company’s stock worth $18,777,000 after acquiring an additional 541 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Linde by 79.7% in 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. Finally, Bahl & Gaynor Inc. lifted its position 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 in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Trading Up 1.5 %

Shares of Linde stock opened at $468.25 on Thursday. The company’s 50-day moving average price is $443.04 and its 200-day moving average price is $455.16. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The company has a market cap of $221.44 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $1.50 dividend. This is a positive change from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 13th. Linde’s dividend payout ratio is currently 44.09%.

Insider Buying and Selling at Linde

In other news, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,377 shares of company stock valued at $6,567,231 in the last 90 days. Corporate insiders own 0.60% 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.