Heritage Trust Co Purchases Shares of 1,122 Linde plc (NASDAQ:LIN)

Heritage Trust Co acquired a new stake in Linde plc (NASDAQ:LIN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,122 shares of the basic materials company's stock, valued at approximately $470,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LIN. Wrapmanager Inc. boosted its position in shares of Linde by 1.3% in the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock worth $709,000 after purchasing an additional 22 shares in the last quarter. Knuff & Co LLC boosted its holdings in Linde by 8.8% in the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock worth $114,000 after acquiring an additional 22 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in shares of Linde by 34.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after acquiring an additional 22 shares during the last quarter. Concord Asset Management LLC VA increased its holdings in shares of Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock valued at $1,999,000 after acquiring an additional 23 shares in the last quarter. Finally, Fourpath Capital Management LLC raised its position in shares of Linde by 0.6% in the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock worth $1,732,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the transaction, the vice president now owns 1,300 shares in the company, valued at $610,662. The trade was a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,159 shares of company stock valued at $5,603,843. 0.60% of the stock is owned by corporate insiders.

Linde Stock Performance

Shares of LIN traded up $4.94 on Tuesday, reaching $450.97. The company's stock had a trading volume of 2,318,781 shares, compared to its average volume of 1,940,171. Linde plc has a 12-month low of $408.65 and a 12-month high of $487.49. The stock has a market capitalization of $213.27 billion, a P/E ratio of 33.14, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The stock's 50 day simple moving average is $456.14 and its two-hundred day simple moving average is $451.57.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Research analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, March 13th. This is an increase from Linde's previous quarterly dividend of $1.39. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.33%. Linde's payout ratio is 44.09%.

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. TD Cowen upgraded shares of Linde from a "hold" rating to a "buy" rating and raised their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup reduced their price target on shares of Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. Argus raised Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $498.00.

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.