Terra Nova Asset Management LLC Boosts Stake in Linde plc (NASDAQ:LIN)

Terra Nova Asset Management LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,526 shares of the basic materials company’s stock after purchasing an additional 75 shares during the quarter. Terra Nova Asset Management LLC’s holdings in Linde were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Channel Wealth LLC increased its holdings in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares in the last quarter. M&T Bank Corp raised 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 valued at $37,898,000 after buying an additional 5,021 shares during the period. Townsquare Capital LLC raised its holdings in shares of Linde by 16.8% in the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after buying an additional 1,383 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Linde by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after acquiring an additional 2,312 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LIN shares. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup cut 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. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $495.75.

Linde Trading Up 0.8 %

NASDAQ:LIN opened at $436.00 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The stock has a market cap of $207.61 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.42 and a beta of 0.94. The stock has a 50-day simple moving average of $436.85 and a 200-day simple moving average of $452.97.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the firm posted $3.63 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a $1.39 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.28%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling at Linde

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by 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.