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

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

Several other large investors have also recently bought and sold shares of the business. Channel Wealth LLC grew its stake in shares of Linde by 30.4% during 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 during the period. Nordea Investment Management AB increased 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 purchasing an additional 46,843 shares in the last quarter. M&T Bank Corp raised its holdings in Linde by 6.7% during the third 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 during the last quarter. Townsquare Capital LLC grew its holdings in Linde by 16.8% in the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Linde by 4.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after buying an additional 2,312 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Linde has an average rating of “Moderate Buy” and an average price target of $495.75.

Insider Activity

In other news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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 one year low of $396.07 and a one year high of $487.49. The company’s 50 day moving average price is $436.85 and its 200 day moving average price is $452.97. The firm has a market capitalization of $207.61 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share 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 business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the business posted $3.63 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

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

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.