Linde plc (NASDAQ:LIN) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC reduced its position in Linde plc (NASDAQ:LIN) by 20.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,137 shares of the basic materials company’s stock after selling 791 shares during the period. Frank Rimerman Advisors LLC’s holdings in Linde were worth $1,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in shares of Linde in the fourth quarter valued at $25,000. Rakuten Securities Inc. grew its stake in Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 58 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Linde during the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates raised its position in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Linde in the fourth quarter valued at about $34,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Up 0.5 %

LIN opened at $455.50 on Friday. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The business has a 50-day moving average of $448.66 and a two-hundred day moving average of $454.91. 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 stock has a market capitalization of $215.41 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, research analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $1.50 dividend. This is a positive change from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Thursday, March 13th. Linde’s dividend payout ratio (DPR) is 44.09%.

Insider Buying and Selling at Linde

In related news, VP David P. Strauss sold 2,477 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 1,300 shares of the company’s stock, valued at approximately $610,662. This represents a 65.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,377 shares of company stock valued at $6,567,231. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Company 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.