Trium Capital LLP Has $2.08 Million Stake in Linde plc (NASDAQ:LIN)

Trium Capital LLP lifted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,962 shares of the basic materials company's stock after purchasing an additional 1,110 shares during the quarter. Linde accounts for about 0.3% of Trium Capital LLP's portfolio, making the stock its 11th biggest position. Trium Capital LLP's holdings in Linde were worth $2,077,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LIN. Global Wealth Strategies & Associates raised its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 42 shares during the period. Kozak & Associates Inc. acquired a new position in Linde during the third quarter valued at approximately $34,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde in the 4th quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new position in shares of Linde in the 3rd quarter valued at about $43,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Linde during the 4th quarter worth about $47,000. Institutional investors own 82.80% of the company's stock.

Insiders Place Their Bets

In related news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company's stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Linde Trading Up 0.8 %

NASDAQ:LIN traded up $3.51 during mid-day trading on Friday, hitting $436.00. 2,395,144 shares of the company's stock were exchanged, compared to its average volume of 2,152,630. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $207.61 billion, a P/E ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94. The company has a 50 day simple moving average of $436.85 and a 200-day simple moving average of $452.97.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analysts' expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.63 earnings per share. As a group, research analysts expect that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, December 3rd. Linde's dividend payout ratio is presently 42.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LIN shares. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a report on Friday, November 1st. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and increased their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $495.75.

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.