Trium Capital LLP Decreases Stock 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 Securities and Exchange Commission (SEC). The firm owned 3,080 shares of the basic materials company's stock after selling 1,882 shares during the quarter. Linde accounts for approximately 0.2% of Trium Capital LLP's holdings, making the stock its 22nd largest position. Trium Capital LLP's holdings in Linde were worth $1,434,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in Linde in the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC raised its position in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after purchasing an additional 96 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Linde by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock valued at $28,662,000 after acquiring an additional 1,876 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Linde by 35.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,623 shares of the basic materials company's stock valued at $1,098,000 after buying an additional 682 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its position in shares of Linde by 6.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 10,613 shares of the basic materials company's stock worth $4,444,000 after purchasing an additional 652 shares during the period. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LIN shares. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price for the company. UBS Group boosted 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 raised shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Linde currently has an average rating of "Buy" and a consensus target price of $518.80.

Linde Price Performance

LIN stock traded down $1.53 during midday trading on Friday, reaching $468.81. The company had a trading volume of 1,326,438 shares, compared to its average volume of 1,973,086. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80. The company has a market capitalization of $220.68 billion, a price-to-earnings ratio of 34.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.96. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The stock has a 50 day moving average price of $463.17 and a 200-day moving average price of $452.35.

Linde (NASDAQ:LIN - Get Free Report) last announced 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 business had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. During the same period in the prior year, the business posted $3.75 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued 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 Buying and Selling

In other Linde news, VP David P. Strauss sold 1,987 shares of the stock in a transaction dated Friday, May 16th. The stock was 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 of the company's stock, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean Durbin sold 7,261 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the sale, the vice president owned 8,151 shares of the company's stock, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

About Linde

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.