TSA Wealth Managment LLC Sells 40 Shares of Linde plc (NASDAQ:LIN)

TSA Wealth Managment LLC decreased its position in shares of Linde plc (NASDAQ:LIN) by 5.2% during the 4th quarter, Holdings Channel reports. The fund owned 729 shares of the basic materials company’s stock after selling 40 shares during the quarter. TSA Wealth Managment LLC’s holdings in Linde were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LIN. Helios Capital Management PTE. Ltd. lifted its stake in Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after buying an additional 1,150 shares in the last quarter. Channel Wealth LLC lifted its stake in Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after buying an additional 1,723 shares in the last quarter. M&T Bank Corp lifted its stake in Linde by 6.7% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after buying an additional 5,021 shares in the last quarter. Nordea Investment Management AB lifted its stake in Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new position in Linde in the fourth quarter valued at approximately $625,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value 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. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the company’s 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 completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,285 shares of company stock worth $7,423,986. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LIN. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Price Performance

NASDAQ LIN opened at $462.25 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The company has a market capitalization of $218.60 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The firm’s 50 day moving average is $441.48 and its 200-day moving average is $455.03.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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 research analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.30%. This is an increase from Linde’s previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. Linde’s payout ratio is presently 44.09%.

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.