742 Shares in Linde plc (NASDAQ:LIN) Bought by TFR Capital LLC.

TFR Capital LLC. bought a new position in Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 742 shares of the basic materials company's stock, valued at approximately $311,000.

Other hedge funds have also recently modified their holdings of the company. Siemens Fonds Invest GmbH lifted its position in shares of Linde by 5.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 24,620 shares of the basic materials company's stock worth $10,283,000 after buying an additional 1,276 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Linde during the 4th quarter worth approximately $104,000. Menard Financial Group LLC purchased a new stake in shares of Linde during the 4th quarter worth approximately $142,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Linde during the 4th quarter worth approximately $386,957,000. Finally, Brucke Financial Inc. purchased a new stake in shares of Linde during the 4th quarter worth approximately $290,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent research reports. Argus raised shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $503.11.

Insider Activity

In other news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares in the company, valued at approximately $610,662. This trade represents a 65.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.

Linde Trading Down 1.2%

Shares of NASDAQ LIN traded down $5.44 during midday trading on Wednesday, hitting $462.51. The company's stock had a trading volume of 2,241,948 shares, compared to its average volume of 1,958,098. 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 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The firm has a market cap of $217.71 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. The business's 50 day moving average is $451.55 and its two-hundred day moving average is $447.74.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The firm had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. During the same period last year, the company earned $3.75 EPS. Linde's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts expect that Linde plc will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's dividend payout ratio is presently 43.57%.

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.