Whittier Trust Co. of Nevada Inc. Buys 2,722 Shares of Linde plc (NASDAQ:LIN)

Whittier Trust Co. of Nevada Inc. boosted its holdings in Linde plc (NASDAQ:LIN - Free Report) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,144 shares of the basic materials company's stock after acquiring an additional 2,722 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Linde were worth $20,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Helios Capital Management PTE. Ltd. grew its position in Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company's stock worth $1,047,000 after acquiring an additional 1,150 shares in the last quarter. Channel Wealth LLC boosted its holdings in shares of Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company's stock worth $3,092,000 after purchasing an additional 1,723 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company's stock worth $37,898,000 after purchasing an additional 5,021 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company's stock valued at $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in shares of Linde during the 4th quarter valued at about $625,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

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Insider Activity at Linde

In other news, VP David P. Strauss sold 2,477 shares of the company'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 sale, the vice president now directly owns 1,300 shares of the company's stock, valued at $610,662. This represents a 65.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares of the company's stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,159 shares of company stock worth $5,603,843 over the last 90 days. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LIN. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and increased their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $501.82.

Linde Trading Down 0.4 %

Shares of NASDAQ:LIN traded down $1.64 during midday trading on Tuesday, hitting $457.45. 2,002,522 shares of the stock traded hands, compared to its average volume of 1,724,102. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $216.33 billion, a PE ratio of 33.61, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49. The business's 50 day moving average is $453.71 and its two-hundred day moving average is $454.18.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. As a group, research analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.31%. This is a boost from Linde's previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Thursday, March 13th. Linde's dividend payout ratio (DPR) is currently 44.09%.

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.