Linde plc (NASDAQ:LIN) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in Linde plc (NASDAQ:LIN - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,468 shares of the basic materials company's stock after selling 71,192 shares during the quarter. Sei Investments Co. owned 0.08% of Linde worth $156,779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC acquired a new position in shares of Linde during the fourth quarter worth about $25,000. Rakuten Securities Inc. raised its holdings in shares of Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after buying an additional 58 shares during the period. Global Wealth Strategies & Associates lifted its position in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in Linde during the 4th quarter worth approximately $34,000. Finally, Kozak & Associates Inc. boosted its holdings in Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company's stock worth $40,000 after acquiring an additional 27 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 2,477 shares of the stock in a transaction on 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 sale, the vice president now directly owns 1,300 shares of the company's stock, valued at $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Wood sold 2,900 shares of the business's stock in a transaction 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 directly owns 14,013 shares of the company's stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,159 shares of company stock worth $5,603,843. 0.60% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

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

Linde Stock Up 0.9 %

Shares of LIN stock traded up $3.98 during trading hours on Wednesday, hitting $461.43. 1,597,735 shares of the company were exchanged, compared to its average volume of 1,727,317. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The stock has a market capitalization of $218.22 billion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49. The business's 50-day simple moving average is $454.32 and its two-hundred day simple moving average is $454.19.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. Sell-side analysts predict that Linde plc will post 16.54 EPS 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 issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Linde's previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. Linde's dividend payout ratio is 44.09%.

About Linde

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.