Tranquility Partners LLC Invests $206,000 in Linde plc (NASDAQ:LIN)

Tranquility Partners LLC bought a new position in Linde plc (NASDAQ:LIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 502 shares of the basic materials company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also modified their holdings of LIN. Clear Harbor Asset Management LLC boosted its position in Linde by 1.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 25 shares during the last quarter. Claro Advisors LLC raised its holdings in Linde by 1.1% during the fourth quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after buying an additional 25 shares in the last quarter. Fort Point Capital Partners LLC raised its holdings in Linde by 1.9% during the third quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after buying an additional 26 shares in the last quarter. Seven Mile Advisory raised its holdings in Linde by 4.2% during the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after buying an additional 26 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. raised its holdings in Linde by 1.0% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of several recent research reports. Wolfe Research initiated coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Mizuho upgraded Linde from a “neutral” rating to a “buy” rating and set a $510.00 target price on the stock in a report on Thursday. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 target price on the stock. in a report on Monday, January 22nd. Wells Fargo & Company raised their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, TD Cowen lifted their price objective on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $456.79.

Linde Stock Performance

LIN stock traded up $2.44 during trading on Thursday, reaching $449.23. 153,116 shares of the stock were exchanged, compared to its average volume of 2,244,484. Linde plc has a twelve month low of $350.60 and a twelve month high of $477.71. The company has a market capitalization of $216.34 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 2.91 and a beta of 0.93. The stock has a 50 day simple moving average of $452.70 and a 200-day simple moving average of $417.56. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33.

Linde (NASDAQ:LIN) last released its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. Linde had a return on equity of 17.06% and a net margin of 18.87%. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the business earned $3.16 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.39 per share. The ex-dividend date was Wednesday, March 13th. This is an increase from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. Linde’s dividend payout ratio (DPR) is 44.13%.

Insider Buying and Selling

In related news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Linde news, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the sale, the vice president now directly owns 8,151 shares in the company, valued at $3,809,695.89. The disclosure for this sale can be found here. Insiders have sold a total of 78,248 shares of company stock valued at $35,811,988 over the last three months. 0.70% of the stock is owned by corporate insiders.

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.