Linde plc (NASDAQ:LIN) Shares Acquired by Ledyard National Bank

Ledyard National Bank raised its holdings in shares of Linde plc (NASDAQ:LIN) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,149 shares of the basic materials company’s stock after acquiring an additional 353 shares during the period. Ledyard National Bank’s holdings in Linde were worth $883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Carmel Capital Partners LLC purchased a new stake in shares of Linde during the third quarter worth $26,000. Annapolis Financial Services LLC grew its holdings 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 worth $26,000 after buying an additional 38 shares in the last quarter. Provence Wealth Management Group purchased a new stake in shares of Linde during the third quarter worth $29,000. Addison Advisors LLC grew its holdings in shares of Linde by 310.0% in the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Linde by 42.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 38 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other news, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total transaction of $124,383.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction 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 transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,248 shares of company stock worth $35,811,988. Insiders own 0.70% of the company’s stock.

Linde Stock Down 1.0 %

Linde stock traded down $4.39 during mid-day trading on Tuesday, hitting $440.68. The company had a trading volume of 621,500 shares, compared to its average volume of 2,178,370. The stock has a market cap of $212.22 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 2.89 and a beta of 0.93. Linde plc has a 1 year low of $350.60 and a 1 year high of $477.71. The company has a quick ratio of 0.67, a current ratio of 0.80 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $456.33 and a 200 day moving average of $421.82.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating the consensus estimate 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 net margin of 18.87% and a return on equity of 17.06%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.16 earnings per share. On average, sell-side analysts expect that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently announced 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 is a positive change from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. Linde’s dividend payout ratio (DPR) is 44.13%.

Analyst Ratings Changes

LIN has been the topic of a number of recent analyst reports. Mizuho raised shares of Linde from a “neutral” rating to a “buy” rating and set a $510.00 target price on the stock in a research report on Thursday, April 18th. TD Cowen upped their target price on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and upped their target price for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Stifel Nicolaus cut shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 target price on the stock. in a research report on Monday, January 22nd. Finally, Seaport Res Ptn cut shares of Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average price target of $460.00.

Linde Company 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.