Linde plc (NASDAQ:LIN) Shares Sold by NewSquare Capital LLC

NewSquare Capital LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 82.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 350 shares of the basic materials company's stock after selling 1,601 shares during the period. NewSquare Capital LLC's holdings in Linde were worth $147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wrapmanager Inc. increased its stake in Linde by 1.3% during the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock valued at $709,000 after purchasing an additional 22 shares in the last quarter. Concord Asset Management LLC VA increased its stake in Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock valued at $1,999,000 after purchasing an additional 23 shares in the last quarter. Fourpath Capital Management LLC increased its stake in Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock valued at $1,732,000 after purchasing an additional 24 shares in the last quarter. Romano Brothers AND Company increased its stake in Linde by 1.3% during the 4th quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company's stock valued at $841,000 after purchasing an additional 25 shares in the last quarter. Finally, MCF Advisors LLC increased its stake in Linde by 17.9% during the 4th quarter. MCF Advisors LLC now owns 165 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 82.80% of the company's stock.

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Linde Price Performance

LIN traded up $2.61 during midday trading on Friday, hitting $468.77. 1,823,990 shares of the company traded hands, compared to its average volume of 2,339,896. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $221.69 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The business has a 50 day simple moving average of $444.80 and a two-hundred day simple moving average of $455.31.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating 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, equities analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Linde's previous quarterly dividend of $1.39. Linde's dividend payout ratio (DPR) is presently 44.09%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a report on Tuesday, November 19th. 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 report on Wednesday, December 18th. Finally, TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and upped their price objective 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 issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $501.82.

Insiders Place Their Bets

In related news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,377 shares of company stock valued at $6,567,231 in the last 90 days. 0.60% of the stock is owned by insiders.

Linde Company 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.