Trium Capital LLP Lowers Position in Linde PLC (NASDAQ:LIN)

Trium Capital LLP trimmed its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 37.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,080 shares of the basic materials company's stock after selling 1,882 shares during the quarter. Linde comprises about 0.2% of Trium Capital LLP's holdings, making the stock its 22nd biggest holding. Trium Capital LLP's holdings in Linde were worth $1,434,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. North Capital Inc. bought a new stake in shares of Linde in the first quarter worth approximately $25,000. Rakuten Securities Inc. grew its stake in shares of Linde by 1,160.0% in the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after acquiring an additional 58 shares during the period. Putney Financial Group LLC purchased a new position in shares of Linde in the fourth quarter worth approximately $31,000. Dunhill Financial LLC purchased a new position in shares of Linde in the fourth quarter worth approximately $34,000. Finally, New Age Alpha Advisors LLC boosted its holdings in shares of Linde by 34.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after buying an additional 22 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Down 0.4%

Shares of LIN traded down $2.01 during trading hours on Thursday, reaching $469.26. 1,025,487 shares of the company traded hands, compared to its average volume of 1,969,313. The firm has a market cap of $220.89 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 3.31 and a beta of 0.96. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. The stock's fifty day moving average price is $462.72 and its 200 day moving average price is $452.02.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. During the same period in the previous year, the firm earned $3.75 earnings per share. The business's revenue was up .1% on a year-over-year basis. Sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, June 4th. Linde's payout ratio is 43.57%.

Insider Activity

In related news, VP David P. Strauss sold 1,987 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the transaction, the vice president owned 22,639 shares in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sean Durbin sold 7,261 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the completion of the transaction, the vice president owned 8,151 shares in the company, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. UBS Group lifted their price objective on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $518.80.

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.