Legacy Capital Wealth Partners LLC Has $708,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Legacy Capital Wealth Partners LLC cut its stake in Linde plc (NASDAQ:LIN) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,724 shares of the basic materials company’s stock after selling 239 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Linde were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its position in shares of Linde by 2.6% in the third quarter. FMR LLC now owns 13,919,350 shares of the basic materials company’s stock valued at $5,182,870,000 after purchasing an additional 354,506 shares during the period. Winder Pte. Ltd. acquired a new position in Linde during the 3rd quarter worth $1,892,774,000. Northern Trust Corp boosted its holdings in Linde by 2.5% during the third quarter. Northern Trust Corp now owns 5,081,177 shares of the basic materials company’s stock valued at $1,891,976,000 after acquiring an additional 123,174 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Linde by 2.6% in the third quarter. Canada Pension Plan Investment Board now owns 2,960,858 shares of the basic materials company’s stock valued at $1,102,475,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Linde by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,766,608 shares of the basic materials company’s stock worth $1,030,146,000 after purchasing an additional 9,541 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

NASDAQ:LIN opened at $443.18 on Monday. The stock has a market capitalization of $213.43 billion, a P/E ratio of 35.17, a price-to-earnings-growth ratio of 2.89 and a beta of 0.93. Linde plc has a 1 year low of $350.60 and a 1 year high of $477.71. The firm has a 50 day moving average of $456.06 and a 200-day moving average of $421.34. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the previous year, the firm earned $3.16 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Linde’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Wednesday, March 13th. Linde’s dividend payout ratio is presently 44.13%.

Insider Activity

In other news, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Linde news, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sean Durbin sold 5,277 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock valued at $35,811,988 over the last three months. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Cowen increased their target price on Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and upped their target price for the company from $482.00 to $510.00 in a research note on Wednesday, March 27th. Mizuho upgraded shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 price objective on the stock in a report on Thursday, April 18th. Stifel Nicolaus cut shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 target price for the company. in a research note on Monday, January 22nd. Finally, Citigroup lowered Linde from a “buy” rating to a “neutral” rating and boosted their price target for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $460.00.

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.