Tocqueville Asset Management L.P. Has $8.38 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Tocqueville Asset Management L.P. boosted its stake in shares of Linde plc (NASDAQ:LIN) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,004 shares of the basic materials company’s stock after purchasing an additional 1,880 shares during the period. Tocqueville Asset Management L.P.’s holdings in Linde were worth $8,375,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Helios Capital Management PTE. Ltd. boosted its position in Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after purchasing an additional 1,150 shares during the last quarter. Channel Wealth LLC lifted its position in shares of Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after buying an additional 1,723 shares during the last quarter. M&T Bank Corp lifted its position in shares of Linde by 6.7% in the third 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 last quarter. Nordea Investment Management AB lifted its position 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 during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Linde in the fourth quarter valued at approximately $625,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup cut their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Price Performance

Shares of NASDAQ LIN opened at $460.31 on Tuesday. The firm has a market cap of $217.69 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The business’s 50 day moving average is $449.61 and its 200-day moving average is $454.70.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Equities research analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, March 13th. This is a positive change from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is 44.09%.

Insiders Place Their Bets

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the sale, the vice president now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 12,159 shares of company stock worth $5,603,843 in the last 90 days. 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.