Tyche Wealth Partners LLC Buys Shares of 2,844 Linde plc (NASDAQ:LIN)

Tyche Wealth Partners LLC bought a new stake in Linde plc (NASDAQ:LIN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,844 shares of the basic materials company's stock, valued at approximately $1,168,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Annapolis Financial Services LLC increased its stake in shares of Linde by 122.6% during the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Carmel Capital Partners LLC acquired a new position in shares of Linde during the 3rd quarter valued at about $26,000. Provence Wealth Management Group acquired a new position in shares of Linde during the 3rd quarter valued at about $29,000. FWL Investment Management LLC acquired a new position in shares of Linde during the 4th quarter valued at about $30,000. Finally, RVW Wealth LLC acquired a new position in shares of Linde during the 3rd quarter valued at about $38,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Linde in a research report on Friday, March 1st. They set a "peer perform" rating for the company. Citigroup downgraded shares of Linde from a "buy" rating to a "neutral" rating and increased their target price for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Wells Fargo & Company increased their target price on shares of Linde from $480.00 to $540.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. TD Cowen upped their price target on Linde from $395.00 to $455.00 and gave the stock a "market perform" rating in a report on Friday, February 16th. Finally, UBS Group cut Linde from a "buy" rating to a "neutral" rating and upped their price target for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $456.79.

Insider Activity at Linde

In related news, SVP Oliver Pfann sold 300 shares of Linde stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Linde news, CFO Matthew J. White sold 51,231 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $455.84, for a total value of $23,353,139.04. Following the sale, the chief financial officer now directly owns 57,634 shares in the company, valued at $26,271,882.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Oliver Pfann sold 300 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,248 shares of company stock worth $35,811,988 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Linde Stock Performance

Shares of LIN traded up $1.03 during midday trading on Tuesday, hitting $445.78. 1,577,296 shares of the stock traded hands, compared to its average volume of 2,286,592. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71. The firm has a market capitalization of $214.68 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. The business's 50 day moving average price is $451.50 and its two-hundred day moving average price is $416.84.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the previous year, the company posted $3.16 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts predict that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $1.39 per share. This is a boost from Linde's previous quarterly dividend of $0.88. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, March 13th. Linde's payout ratio is currently 44.13%.

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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