Linde plc (NASDAQ:LIN) Shares Sold by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lessened its stake in Linde plc (NASDAQ:LIN) by 6.8% during the fourth quarter, Holdings Channel reports. The firm owned 2,602 shares of the basic materials company’s stock after selling 189 shares during the period. Sage Mountain Advisors LLC’s holdings in Linde were worth $1,089,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Helios Capital Management PTE. Ltd. boosted its holdings in shares of Linde by 85.2% in the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after purchasing an additional 1,150 shares during the last quarter. Channel Wealth LLC boosted its holdings in shares of Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new position in shares of Linde in the 4th quarter valued at $625,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In related news, 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 transaction of $1,163,545.98. Following the completion of the sale, the vice president now owns 1,300 shares of the company’s stock, valued at $610,662. This represents a 65.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 14,377 shares of company stock valued at $6,567,231. Insiders own 0.60% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $462.06 on Tuesday. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. 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 capitalization of $218.51 billion, a P/E ratio of 33.95, a P/E/G ratio of 3.08 and a beta of 0.94. The company’s fifty day moving average price is $445.68 and its two-hundred day moving average price is $455.24.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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, 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 will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $1.50 dividend. The ex-dividend date is Thursday, March 13th. This represents a $6.00 annualized dividend and a dividend yield of 1.30%. This is an increase from Linde’s previous quarterly dividend of $1.39. Linde’s payout ratio is presently 44.09%.

Wall Street Analyst Weigh In

LIN has been the topic of several recent research reports. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. 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 report on Wednesday, December 18th. Finally, 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 report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, 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.