Twinbeech Capital LP Decreases Stock Holdings in Linde plc (NASDAQ:LIN)

Twinbeech Capital LP decreased its position in Linde plc (NASDAQ:LIN - Free Report) by 69.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,586 shares of the basic materials company's stock after selling 96,803 shares during the quarter. Twinbeech Capital LP's holdings in Linde were worth $17,411,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. increased its position in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company's stock valued at $1,047,000 after buying an additional 1,150 shares during the period. Treasurer of the State of North Carolina increased its position in shares of Linde by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company's stock valued at $88,505,000 after buying an additional 1,320 shares during the period. SYM FINANCIAL Corp purchased a new position in shares of Linde during the fourth quarter valued at about $625,000. Perigon Wealth Management LLC grew its holdings in Linde by 53.6% in the fourth quarter. Perigon Wealth Management LLC now owns 6,571 shares of the basic materials company's stock worth $2,842,000 after purchasing an additional 2,292 shares during the period. Finally, Markel Group Inc. grew its holdings in Linde by 8.4% in the fourth quarter. Markel Group Inc. now owns 168,000 shares of the basic materials company's stock worth $70,337,000 after purchasing an additional 13,000 shares during the period. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LIN. 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. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $503.11.

Insider Transactions at Linde

In related news, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This represents a 31.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David P. Strauss sold 2,477 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares in the company, valued at approximately $610,662. This trade represents a 65.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Linde Trading Up 0.6%

Shares of NASDAQ LIN opened at $460.33 on Tuesday. The firm's 50 day moving average price is $451.20 and its 200-day moving average price is $447.56. The company has a market cap of $216.69 billion, a PE ratio of 33.82, a P/E/G ratio of 3.08 and a beta of 1.00. Linde plc has a 52-week low of $408.65 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

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

Linde Announces Dividend

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

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.

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