TCW Group Inc. Has $30.82 Million Position in Linde plc (NASDAQ:LIN)

TCW Group Inc. lessened its stake in Linde plc (NASDAQ:LIN - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,623 shares of the basic materials company's stock after selling 1,606 shares during the quarter. TCW Group Inc.'s holdings in Linde were worth $30,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Trifecta Capital Advisors LLC boosted its holdings in Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock worth $69,000 after buying an additional 21 shares during the period. Prentice Wealth Management LLC lifted its stake in shares of Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock worth $652,000 after acquiring an additional 23 shares during the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock valued at $1,290,000 after purchasing an additional 23 shares during the period. Regent Peak Wealth Advisors LLC grew its stake in Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock worth $873,000 after acquiring an additional 23 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Linde by 5.7% in the second quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company's stock worth $195,000 after purchasing an additional 24 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Down 1.0 %

NASDAQ:LIN traded down $4.28 during mid-day trading on Wednesday, reaching $440.53. The company's stock had a trading volume of 1,612,540 shares, compared to its average volume of 1,859,455. The stock has a market cap of $209.76 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.88 and a beta of 0.93. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company's fifty day simple moving average is $463.52 and its two-hundred day simple moving average is $455.46.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.63 EPS. On average, equities analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.26%. Linde's dividend payout ratio is currently 42.22%.

Insiders Place Their Bets

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company's stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LIN shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Erste Group Bank reiterated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Linde has an average rating of "Moderate Buy" and an average target price of $490.75.

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.