Linde plc (NASDAQ:LIN) is Bleichroeder LP's 3rd Largest Position

Bleichroeder LP trimmed its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,214 shares of the basic materials company's stock after selling 6,850 shares during the quarter. Linde comprises 8.9% of Bleichroeder LP's investment portfolio, making the stock its 3rd biggest holding. Bleichroeder LP's holdings in Linde were worth $35,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Synergy Asset Management LLC purchased a new stake in shares of Linde in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its holdings in Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after buying an additional 58 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Linde during the fourth quarter worth about $28,000. Retirement Wealth Solutions LLC purchased a new position in Linde in the fourth quarter valued at about $34,000. Finally, New Age Alpha Advisors LLC lifted its position in shares of Linde by 34.9% during the 4th 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 during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction dated 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 of the company's stock, valued at $610,662. The trade was a 65.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares of the company's stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock worth $5,603,843 in the last three months. Company insiders own 0.60% of the company's stock.

Linde Stock Performance

NASDAQ:LIN opened at $454.95 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The firm has a market cap of $215.15 billion, a PE ratio of 33.43, a P/E/G ratio of 3.08 and a beta of 1.00. The firm has a 50 day simple moving average of $453.29 and a 200-day simple moving average of $449.21. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business's revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $3.75 earnings per share. On average, equities analysts expect that Linde plc will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.32%. Linde's payout ratio is currently 44.09%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and increased their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of "Moderate Buy" and a consensus target price of $498.00.

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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