tru Independence LLC Invests $39,000 in Linde plc (NYSE:LIN)


Share on StockTwits

tru Independence LLC bought a new position in Linde plc (NYSE:LIN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 151 shares of the basic materials company’s stock, valued at approximately $39,000.

Several other institutional investors have also recently modified their holdings of LIN. Trustcore Financial Services LLC bought a new position in shares of Linde in the fourth quarter worth approximately $25,000. Knuff & Co LLC boosted its holdings in Linde by 75.4% in the fourth quarter. Knuff & Co LLC now owns 100 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 43 shares in the last quarter. Graves Light Private Wealth Management Inc. bought a new stake in Linde in the fourth quarter valued at $26,000. Reby Advisors LLC bought a new stake in Linde in the fourth quarter valued at $26,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Linde by 714.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 114 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.

In other Linde news, insider Kelcey E. Hoyt sold 2,559 shares of the business’s stock in a transaction dated Friday, February 12th. The stock was sold at an average price of $251.66, for a total value of $643,997.94. Following the completion of the transaction, the insider now owns 6,779 shares of the company’s stock, valued at approximately $1,706,003.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

LIN opened at $281.35 on Thursday. The stock has a 50-day moving average price of $263.71 and a 200-day moving average price of $252.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83 and a quick ratio of 0.71. The firm has a market cap of $147.10 billion, a PE ratio of 66.83, a P/E/G ratio of 2.66 and a beta of 0.78. Linde plc has a 1 year low of $172.76 and a 1 year high of $286.98.

Linde (NYSE:LIN) last posted its quarterly earnings results on Thursday, February 4th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.16. The firm had revenue of $7.27 billion during the quarter, compared to analyst estimates of $6.97 billion. Linde had a return on equity of 8.56% and a net margin of 8.29%. As a group, sell-side analysts anticipate that Linde plc will post 8.08 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 22nd. Stockholders of record on Friday, March 5th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Thursday, March 4th. This is a positive change from Linde’s previous quarterly dividend of $0.96. Linde’s payout ratio is currently 57.77%.

Several analysts recently weighed in on LIN shares. Morgan Stanley lifted their price target on shares of Linde from $281.00 to $285.00 and gave the company an “overweight” rating in a report on Monday, February 8th. Cowen started coverage on shares of Linde in a report on Wednesday, March 24th. They issued a “market perform” rating and a $300.00 price target on the stock. UBS Group reiterated a “buy” rating on shares of Linde in a report on Monday, February 8th. Wells Fargo & Company lifted their price target on shares of Linde from $300.00 to $311.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Kepler Capital Markets restated a “buy” rating on shares of Linde in a report on Wednesday, December 9th. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $267.24.

Linde Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants.

Recommended Story: High-Yield Dividend Stocks

Institutional Ownership by Quarter for Linde (NYSE:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.