Tyche Wealth Partners LLC Invests $1.17 Million in Linde plc (NASDAQ:LIN)

Tyche Wealth Partners LLC bought a new position in shares of Linde plc (NASDAQ:LIN) during the 4th quarter, Holdings Channel reports. The firm bought 2,844 shares of the basic materials company’s stock, valued at approximately $1,168,000.

Other large investors also recently made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in shares of Linde during the third quarter valued at $26,000. Annapolis Financial Services LLC lifted its stake in shares of Linde by 122.6% during the third 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 period. Provence Wealth Management Group acquired a new position in shares of Linde during the third quarter valued at $29,000. FWL Investment Management LLC acquired a new position in shares of Linde during the fourth quarter valued at $30,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Linde during the fourth quarter valued at $36,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.2 %

Shares of NASDAQ LIN traded up $1.03 during mid-day trading on Tuesday, reaching $445.78. 1,577,296 shares of the company’s stock were exchanged, compared to its average volume of 2,286,592. The firm has a market capitalization of $214.68 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 2.92 and a beta of 0.93. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $451.50 and a 200 day simple moving average of $416.84. Linde plc has a twelve month low of $350.60 and a twelve month high of $477.71.

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

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $1.39 per share. The ex-dividend date of this dividend 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 dividend yield of 1.25%. Linde’s dividend payout ratio (DPR) is presently 44.13%.

Insider Buying and Selling

In related news, VP Juergen Nowicki sold 13,134 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 6,920 shares in the company, valued at $3,177,248.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $6,030,344.76. Following the transaction, the vice president now owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 target price on the stock. in a research note on Monday, January 22nd. Wolfe Research assumed coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Citigroup lowered Linde from a “buy” rating to a “neutral” rating and increased their target price for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $456.79.

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.