TD Waterhouse Canada Inc. Sells 730 Shares of Linde plc (NASDAQ:LIN)

TD Waterhouse Canada Inc. reduced its position in Linde plc (NASDAQ:LIN) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 42,751 shares of the basic materials company’s stock after selling 730 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Linde were worth $17,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of LIN. Capital World Investors boosted its position in shares of Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company’s stock valued at $4,834,631,000 after acquiring an additional 2,957,604 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company’s stock worth $4,598,551,000 after buying an additional 30,750 shares during the period. Capital Research Global Investors boosted its stake in Linde by 6.4% in the 4th quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company’s stock valued at $3,857,741,000 after buying an additional 554,480 shares in the last quarter. Norges Bank bought a new stake in Linde in the fourth quarter valued at $2,901,853,000. Finally, Invesco Ltd. lifted its holdings in shares of Linde by 7.5% during the fourth quarter. Invesco Ltd. now owns 3,818,608 shares of the basic materials company’s stock valued at $1,598,737,000 after acquiring an additional 265,455 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the business’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 completion of the transaction, the vice president now owns 14,765 shares of the company’s stock, valued at $6,786,289.30. This represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,159 shares of company stock valued at $5,603,843. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LIN shares. Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Argus raised Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $498.00.

Linde Stock Down 1.8 %

Shares of NASDAQ LIN opened at $443.85 on Tuesday. 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 $209.90 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The firm’s 50-day moving average is $455.16 and its 200-day moving average is $450.74. Linde plc has a 1 year low of $408.65 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Equities analysts expect that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Linde’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend was Thursday, March 13th. Linde’s dividend payout ratio (DPR) is currently 44.09%.

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.