Linde plc (NASDAQ:LIN) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. trimmed its position in Linde plc (NASDAQ:LIN - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,263 shares of the basic materials company's stock after selling 8,650 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Linde were worth $24,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LIN. Helios Capital Management PTE. Ltd. grew its position 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 worth $1,047,000 after buying an additional 1,150 shares during the period. Channel Wealth LLC raised its position in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company's stock worth $3,092,000 after buying an additional 1,723 shares during the last quarter. M&T Bank Corp lifted its position in Linde by 6.7% during the third 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 period. Nordea Investment Management AB boosted its stake 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 worth $898,188,000 after buying an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in shares of Linde during the 4th quarter valued at about $625,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

LIN has been the topic of a number of analyst reports. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised Linde from a "hold" rating to a "buy" rating and upped their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $501.82.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value 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 approximately $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,159 shares of company stock valued at $5,603,843. Corporate insiders own 0.60% of the company's stock.

Linde Trading Down 0.5 %

Linde stock traded down $2.23 during mid-day trading on Thursday, hitting $467.51. The company's stock had a trading volume of 1,501,589 shares, compared to its average volume of 1,879,901. Linde plc has a one year low of $410.69 and a one year high of $487.49. The stock has a market cap of $221.09 billion, a PE ratio of 34.27, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a 50 day moving average of $457.72 and a 200-day moving average of $454.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, research analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.28%. This is a positive change from Linde's previous quarterly dividend of $1.39. The ex-dividend date was Thursday, March 13th. Linde's dividend payout ratio (DPR) is presently 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.