Trillium Asset Management LLC Has $26.44 Million Holdings in Linde plc (NASDAQ:LIN)

Trillium Asset Management LLC grew its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,160 shares of the basic materials company's stock after acquiring an additional 1,276 shares during the quarter. Trillium Asset Management LLC's holdings in Linde were worth $26,444,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company's stock valued at $5,217,197,000 after buying an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company's stock valued at $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Linde by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,105,290 shares of the basic materials company's stock valued at $1,300,092,000 after buying an additional 89,408 shares during the last quarter. Nordea Investment Management AB raised its stake in Linde by 2.2% in 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 acquiring an additional 46,843 shares during the period. Finally, Alphinity Investment Management Pty Ltd raised its stake in Linde by 3.0% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 1,680,279 shares of the basic materials company's stock valued at $703,482,000 after acquiring an additional 49,374 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup dropped their price target on 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 Linde from a "hold" rating to a "buy" rating and increased their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $501.82.

Linde Stock Performance

LIN stock traded up $0.58 during trading hours on Friday, hitting $458.33. 4,967,504 shares of the stock were exchanged, compared to its average volume of 1,723,335. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $216.75 billion, a P/E ratio of 33.68, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a 50-day simple moving average of $452.96 and a two-hundred day simple moving average of $454.35. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted 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%. On average, analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

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

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction dated 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. This trade represents a 65.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert L. Wood sold 2,900 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were 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 directly owns 14,013 shares in the company, valued at $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. Over the last quarter, insiders have sold 12,159 shares of company stock worth $5,603,843. Company insiders own 0.60% of the company's stock.

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.