TD Asset Management Inc. Decreases Stock Position in Linde plc (NASDAQ:LIN)

TD Asset Management Inc. reduced its position in Linde plc (NASDAQ:LIN - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 784,622 shares of the basic materials company's stock after selling 34,314 shares during the quarter. TD Asset Management Inc. owned 0.16% of Linde worth $328,498,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Howard Capital Management Group LLC purchased a new position in shares of Linde in the third quarter worth about $252,000. Nwam LLC bought a new position in Linde during the 3rd quarter worth approximately $495,000. Kingsview Wealth Management LLC increased its stake in Linde by 6.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 5,229 shares of the basic materials company's stock worth $2,493,000 after purchasing an additional 325 shares during the period. Larson Financial Group LLC lifted its position in Linde by 212.0% in the third quarter. Larson Financial Group LLC now owns 986 shares of the basic materials company's stock valued at $470,000 after purchasing an additional 670 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Linde during the third quarter valued at approximately $10,489,000. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Down 1.2 %

LIN stock traded down $5.62 during trading on Friday, reaching $459.11. The company had a trading volume of 1,334,712 shares, compared to its average volume of 1,876,018. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The business has a 50 day moving average of $456.09 and a 200 day moving average of $454.22. The company has a market cap of $217.12 billion, a P/E ratio of 33.73, a PEG ratio of 3.08 and a beta of 0.94.

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Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. As a group, sell-side analysts forecast that Linde plc will post 16.54 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 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Thursday, March 13th. This is a boost from Linde's previous quarterly dividend of $1.39. Linde's payout ratio is 44.09%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a "hold" rating to a "buy" rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $501.82.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,477 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was 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. The trade was a 65.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Juergen Nowicki sold 6,782 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares of the company's stock, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,159 shares of company stock valued at $5,603,843 in the last three months. 0.60% of the stock is currently owned by company insiders.

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.