Coldstream Capital Management Inc. Invests $1.78 Million in Linde plc (NYSE:LIN)

Coldstream Capital Management Inc. bought a new stake in shares of Linde plc (NYSE:LIN – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,461 shares of the basic materials company’s stock, valued at approximately $1,781,000.

Several other institutional investors have also recently made changes to their positions in the stock. Hanson & Doremus Investment Management boosted its position in shares of Linde by 92.3% in the third quarter. Hanson & Doremus Investment Management now owns 125 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 60 shares during the period. Eagle Bay Advisors LLC purchased a new position in Linde during the 2nd quarter valued at approximately $46,000. CoreFirst Bank & Trust bought a new stake in Linde in the 2nd quarter worth approximately $58,000. Western Pacific Wealth Management LP raised its holdings in shares of Linde by 1,809.1% during the 3rd quarter. Western Pacific Wealth Management LP now owns 210 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 199 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Linde during the 3rd quarter valued at approximately $57,000. Institutional investors own 78.15% of the company’s stock.

Linde Stock Down 2.3 %

Shares of LIN opened at $330.49 on Friday. The firm has a fifty day moving average price of $334.11 and a 200-day moving average price of $315.51. The company has a current ratio of 0.79, a quick ratio of 0.67 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $162.65 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.53 and a beta of 0.84. Linde plc has a 12-month low of $262.47 and a 12-month high of $362.74.

Linde (NYSE:LIN – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.25. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $8.49 billion. Linde had a net margin of 12.43% and a return on equity of 14.95%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $2.77 EPS. Equities research analysts expect that Linde plc will post 13.37 earnings per share for the current year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Tuesday, March 14th will be paid a $1.275 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $5.10 annualized dividend and a yield of 1.54%. This is a boost from Linde’s previous quarterly dividend of $1.17. Linde’s dividend payout ratio is 61.82%.

Wall Street Analysts Forecast Growth

LIN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $355.00 to $385.00 in a research report on Wednesday, February 8th. Mizuho boosted their target price on shares of Linde from $346.00 to $370.00 and gave the stock a “neutral” rating in a report on Wednesday, February 8th. UBS Group upped their target price on shares of Linde from $375.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, March 8th. The Goldman Sachs Group boosted their price objective on Linde from $340.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, December 15th. Finally, BMO Capital Markets lifted their target price on Linde from $370.00 to $378.00 and gave the stock an “outperform” rating in a report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $370.67.

Insiders Place Their Bets

In other Linde news, VP Sean Durbin sold 4,060 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $360.17, for a total value of $1,462,290.20. Following the completion of the sale, the vice president now directly owns 8,432 shares in the company, valued at approximately $3,036,953.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Linde Company Profile

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Linde Plc is a global industrial gases and engineering company. It designs and builds equipment that produces industrial gases and offers customers a wide range of gas production and processing services such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.