TFR Capital LLC. Makes New $311,000 Investment in Linde plc (NASDAQ:LIN)

TFR Capital LLC. acquired a new stake in Linde plc (NASDAQ:LIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 742 shares of the basic materials company's stock, valued at approximately $311,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Wrapmanager Inc. boosted its holdings in shares of Linde by 1.3% in the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock valued at $709,000 after acquiring an additional 22 shares in the last quarter. Knuff & Co LLC boosted its holdings in shares of Linde by 8.8% in the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock valued at $114,000 after acquiring an additional 22 shares in the last quarter. 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 valued at $36,000 after acquiring an additional 22 shares in the last quarter. Concord Asset Management LLC VA boosted its holdings in shares of Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock valued at $1,999,000 after acquiring an additional 23 shares in the last quarter. Finally, Fourpath Capital Management LLC boosted its holdings in shares of Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock valued at $1,732,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LIN has been the subject of several recent research reports. Argus raised shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of "Moderate Buy" and a consensus price target of $503.11.

Linde Stock Performance

Shares of LIN stock traded up $0.32 on Friday, hitting $464.40. The company's stock had a trading volume of 4,344,668 shares, compared to its average volume of 1,969,338. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The stock's 50 day moving average is $451.78 and its 200-day moving average is $447.85. Linde plc has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a market capitalization of $218.60 billion, a PE ratio of 34.12, a PEG ratio of 3.08 and a beta of 1.00.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly 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 net margin of 19.89% and a return on equity of 18.71%. The business had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the prior year, the company posted $3.75 earnings per share. Linde's revenue was up .1% compared to the same quarter last year. Equities research analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.29%. Linde's payout ratio is 43.57%.

Insiders Place Their Bets

In other news, VP Sean Durbin sold 7,261 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the transaction, the vice president now owns 8,151 shares of the company's stock, valued at approximately $3,720,279.42. This represents a 47.11% 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 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 transaction of $908,138.48. Following the completion of the transaction, the vice president now directly owns 22,639 shares of the company's stock, valued at $10,346,928.56. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,725 shares of company stock worth $5,385,750 over the last ninety days. Corporate 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.