Syon Capital LLC Cuts Stock Position in Linde plc (NASDAQ:LIN)

Syon Capital LLC trimmed its holdings in Linde plc (NASDAQ:LIN - Free Report) by 18.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,611 shares of the basic materials company's stock after selling 1,298 shares during the period. Syon Capital LLC's holdings in Linde were worth $2,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Synergy Asset Management LLC purchased a new position in shares of Linde in the fourth quarter valued at $25,000. Rakuten Securities Inc. grew its stake in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after buying an additional 58 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Linde in the 4th quarter worth about $28,000. Global Wealth Strategies & Associates raised its position in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Linde in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Shares of LIN stock opened at $454.61 on Wednesday. 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 business's 50 day moving average is $455.03 and its two-hundred day moving average is $450.77. The company has a market capitalization of $214.99 billion, a P/E ratio of 33.40, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a 12-month low of $408.65 and a 12-month high of $487.49.

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

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $1.50 per share. This is an increase from Linde's previous quarterly dividend of $1.39. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a yield of 1.32%. Linde's dividend payout ratio (DPR) is presently 44.09%.

Insider Buying and Selling

In other news, Director Robert L. Wood sold 2,900 shares of the firm'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 completion of the sale, the director now owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the transaction, the vice president now owns 1,300 shares in the company, valued at $610,662. This represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,159 shares of company stock worth $5,603,843. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of analyst reports. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and raised their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Argus raised Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $498.00.

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.

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