TD Private Client Wealth LLC Sells 2,455 Shares of Linde plc (NASDAQ:LIN)

TD Private Client Wealth LLC trimmed its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,791 shares of the basic materials company's stock after selling 2,455 shares during the period. TD Private Client Wealth LLC's holdings in Linde were worth $5,774,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citigroup dropped their target price 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 upgraded shares of Linde from a "hold" rating to a "buy" rating and lifted 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $501.82.

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Linde Stock Performance

Shares of Linde stock traded down $1.64 during trading on Tuesday, reaching $457.45. The company's stock had a trading volume of 2,002,522 shares, compared to its average volume of 1,724,102. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The business's 50-day moving average price is $453.71 and its 200-day moving average price is $454.18. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The firm has a market cap of $216.33 billion, a PE ratio of 33.61, a P/E/G ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. Equities analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $1.50 dividend. The ex-dividend date is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Linde's previous quarterly dividend of $1.39. Linde's dividend payout ratio (DPR) is presently 44.09%.

Insider Activity at Linde

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the sale, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP David P. Strauss sold 2,477 shares of the stock in a transaction 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 of the company's stock, valued at $610,662. The trade was a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,159 shares of company stock valued at $5,603,843 over the last quarter. 0.60% of the stock is owned by corporate insiders.

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.