Phraction Management LLC Sells 75 Shares of Linde plc (NASDAQ:LIN)

Phraction Management LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,915 shares of the basic materials company’s stock after selling 75 shares during the quarter. Linde comprises 1.2% of Phraction Management LLC’s holdings, making the stock its 23rd largest holding. Phraction Management LLC’s holdings in Linde were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in Linde in the fourth quarter valued at about $203,000. Handelsinvest Investeringsforvaltning purchased a new stake in Linde in the fourth quarter valued at about $1,600,000. Harbour Trust & Investment Management Co purchased a new position in shares of Linde in the fourth quarter worth about $1,480,000. Sumitomo Life Insurance Co. purchased a new position in shares of Linde in the fourth quarter worth about $2,045,000. Finally, Capricorn Fund Managers Ltd raised its stake in shares of Linde by 156.3% in the fourth quarter. Capricorn Fund Managers Ltd now owns 10,121 shares of the basic materials company’s stock worth $4,146,000 after purchasing an additional 6,172 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Sean Durbin sold 5,277 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,248 shares of company stock valued at $35,811,988. Insiders own 0.70% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN traded up $4.77 during trading on Wednesday, reaching $445.73. The stock had a trading volume of 474,360 shares, compared to its average volume of 2,176,249. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. The business has a fifty day moving average price of $456.43 and a 200-day moving average price of $422.26. The stock has a market cap of $214.65 billion, a PE ratio of 35.00, a PEG ratio of 2.90 and a beta of 0.93. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71.

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 analysts’ consensus estimates of $3.49 by $0.10. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.16 earnings per share. On average, equities analysts forecast that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is currently 44.13%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. UBS Group cut Linde from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Citigroup cut Linde from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $475.00 to $500.00 in a research note on Wednesday, April 10th. Mizuho upgraded Linde from a “neutral” rating to a “buy” rating and set a $510.00 price target for the company in a research report on Thursday, April 18th. Finally, TD Cowen lifted their price target on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.00.

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.