Linde plc (NASDAQ:LIN) Shares Bought by Greenleaf Trust

Greenleaf Trust raised its position in Linde plc (NASDAQ:LIN) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,643 shares of the basic materials company’s stock after buying an additional 268 shares during the period. Greenleaf Trust’s holdings in Linde were worth $3,960,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Annapolis Financial Services LLC boosted its holdings in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after buying an additional 38 shares during the last quarter. Carmel Capital Partners LLC acquired a new position in shares of Linde during the 3rd quarter worth approximately $26,000. Provence Wealth Management Group acquired a new position in shares of Linde during the 3rd quarter worth approximately $29,000. FWL Investment Management LLC acquired a new position in shares of Linde during the 4th quarter worth approximately $30,000. Finally, RVW Wealth LLC acquired a new position in shares of Linde during the 3rd quarter worth approximately $38,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Down 0.0 %

Shares of NASDAQ LIN opened at $446.30 on Friday. The firm has a market cap of $214.93 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 2.91 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. Linde plc has a 52-week low of $350.60 and a 52-week high of $477.71. The business’s 50 day moving average is $453.89 and its two-hundred day moving average is $418.29.

Linde (NASDAQ:LIN) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.16 earnings per share. Research analysts predict that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Linde’s previous quarterly dividend of $0.88. Linde’s dividend payout ratio is currently 44.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LIN. Stifel Nicolaus cut 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. TD Cowen boosted their target price on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Wells Fargo & Company boosted their target price on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Wolfe Research assumed coverage on shares of Linde in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and lifted their price target for the company from $475.00 to $500.00 in a research report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average price target of $456.79.

Insider Transactions at Linde

In other news, CFO Matthew J. White sold 51,231 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the sale, the chief financial officer now owns 57,634 shares of the company’s stock, valued at $26,271,882.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Matthew J. White sold 51,231 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the sale, the chief financial officer now owns 57,634 shares of the company’s stock, valued at $26,271,882.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Juergen Nowicki sold 13,134 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 6,920 shares in the company, valued at approximately $3,177,248.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,248 shares of company stock valued at $35,811,988. 0.70% of the stock is currently owned by company insiders.

About Linde

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.