Trium Capital LLP Has $1.43 Million Holdings in Linde PLC (NASDAQ:LIN)

Trium Capital LLP cut its holdings 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 Securities & Exchange Commission. The fund owned 3,080 shares of the basic materials company's stock after selling 1,882 shares during the quarter. Linde makes up approximately 0.2% of Trium Capital LLP's holdings, making the stock its 22nd largest holding. Trium Capital LLP's holdings in Linde were worth $1,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Knuff & Co LLC raised its position in shares of Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock worth $114,000 after purchasing an additional 22 shares during the period. New Age Alpha Advisors LLC raised its position in Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after buying an additional 22 shares during the period. Austin Wealth Management LLC raised its position in Linde by 5.3% during the fourth quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company's stock valued at $209,000 after buying an additional 24 shares during the period. Rockingstone Advisors LLC raised its position in Linde by 0.3% during the first quarter. Rockingstone Advisors LLC now owns 8,340 shares of the basic materials company's stock valued at $3,883,000 after buying an additional 25 shares during the period. Finally, Trifecta Capital Advisors LLC raised its position in Linde by 20.2% during the first quarter. Trifecta Capital Advisors LLC now owns 149 shares of the basic materials company's stock valued at $69,000 after buying an additional 25 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of LIN traded up $1.32 during midday trading on Wednesday, reaching $471.27. 1,522,464 shares of the stock were exchanged, compared to its average volume of 1,969,266. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a market cap of $221.84 billion, a P/E ratio of 34.22, a PEG ratio of 3.31 and a beta of 0.96. The stock's 50 day simple moving average is $462.36 and its 200 day simple moving average is $451.89. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45.

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

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.27%. Linde's dividend payout ratio (DPR) is 43.57%.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 1,987 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the transaction, the vice president directly owned 22,639 shares in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sean Durbin sold 7,261 shares of the firm's 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 sale, the vice president directly owned 8,151 shares of the company's stock, 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. 0.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on LIN shares. Argus raised Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Citigroup raised Linde from a "neutral" rating to a "buy" rating and increased their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Finally, UBS Group raised their target price on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average 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.