Linde plc (NYSE:LIN) Shares Sold by Delta Asset Management LLC TN
Delta Asset Management LLC TN lessened its position in Linde plc (NYSE:LIN) by 15.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 747 shares of the basic materials company’s stock after selling 134 shares during the period. Delta Asset Management LLC TN’s holdings in Linde were worth $209,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in LIN. Trustcore Financial Services LLC acquired a new position in Linde during the 4th quarter valued at about $25,000. Knuff & Co LLC boosted its holdings in shares of Linde by 75.4% in the fourth quarter. Knuff & Co LLC now owns 100 shares of the basic materials company’s stock worth $26,000 after buying an additional 43 shares during the period. Graves Light Private Wealth Management Inc. acquired a new position in shares of Linde in the fourth quarter worth about $26,000. Reby Advisors LLC acquired a new position in shares of Linde in the fourth quarter worth about $26,000. Finally, Brand Asset Management Group Inc. acquired a new position in shares of Linde in the first quarter worth about $28,000. 72.64% of the stock is currently owned by institutional investors and hedge funds.
In other Linde news, insider Kelcey E. Hoyt sold 2,559 shares of Linde stock in a transaction on Friday, February 12th. The shares were sold at an average price of $251.66, for a total transaction of $643,997.94. Following the sale, the insider now owns 6,779 shares in the company, valued at $1,706,003.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.
Linde (NYSE:LIN) last posted its quarterly earnings results on Thursday, February 4th. The basic materials company reported $2.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.16. Linde had a net margin of 8.29% and a return on equity of 8.56%. The firm had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $6.97 billion. As a group, research analysts forecast that Linde plc will post 8.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Shareholders of record on Thursday, June 3rd will be paid a dividend of $1.06 per share. The ex-dividend date is Wednesday, June 2nd. This represents a $4.24 dividend on an annualized basis and a yield of 1.47%. Linde’s dividend payout ratio is currently 57.77%.
Several brokerages have commented on LIN. The Goldman Sachs Group reiterated a “buy” rating on shares of Linde in a report on Friday, February 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Linde in a research report on Monday, February 8th. Cowen assumed coverage on shares of Linde in a research report on Wednesday, March 24th. They issued a “market perform” rating and a $300.00 price target for the company. Wells Fargo & Company increased their price target on shares of Linde from $300.00 to $311.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, February 8th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $274.81.
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants.
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