TFR Capital LLC. Buys 3,753 Shares of Linde PLC (NASDAQ:LIN)

TFR Capital LLC. boosted its position in Linde PLC (NASDAQ:LIN - Free Report) by 505.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,495 shares of the basic materials company's stock after acquiring an additional 3,753 shares during the quarter. TFR Capital LLC.'s holdings in Linde were worth $2,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LIN. Capital World Investors boosted its position in Linde by 34.4% in the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock valued at $4,834,631,000 after buying an additional 2,957,604 shares in the last quarter. Geode Capital Management LLC boosted its position in Linde by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company's stock valued at $4,598,551,000 after buying an additional 30,750 shares in the last quarter. Capital Research Global Investors boosted its position in Linde by 6.4% in the fourth quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company's stock valued at $3,857,741,000 after buying an additional 554,480 shares in the last quarter. Norges Bank acquired a new stake in Linde in the fourth quarter valued at approximately $2,901,853,000. Finally, Freemont Capital Pte Ltd acquired a new stake in Linde in the fourth quarter valued at approximately $2,128,233,000. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Linde

In other Linde news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction 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 completion of the sale, the vice president directly owned 22,639 shares of the company's stock, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Linde Trading Up 0.1%

NASDAQ LIN traded up $0.55 during mid-day trading on Monday, reaching $469.36. 252,349 shares of the stock were exchanged, compared to its average volume of 2,181,751. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The stock has a 50 day simple moving average of $463.44 and a 200-day simple moving average of $453.04. The stock has a market cap of $220.94 billion, a P/E ratio of 34.09, a P/E/G ratio of 3.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, topping 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 business had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the firm earned $3.75 earnings per share. Linde's quarterly revenue was up .1% on a year-over-year basis. On average, analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on LIN shares. UBS Group lifted their price target on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Argus upgraded shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. 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 report on Monday, June 30th. Finally, Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price 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.