Linde plc (NASDAQ:LIN) Shares Acquired by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH increased its holdings in shares of Linde plc (NASDAQ:LIN) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,105 shares of the basic materials company’s stock after buying an additional 95 shares during the period. Trust Co. of Toledo NA OH’s holdings in Linde were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in LIN. Rakuten Securities Inc. raised its holdings in shares of Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 58 shares during the period. Putney Financial Group LLC acquired a new stake in Linde during the fourth quarter worth about $31,000. Dunhill Financial LLC purchased a new position in Linde during the fourth quarter worth about $34,000. New Age Alpha Advisors LLC grew its stake in shares of Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock valued at $36,000 after buying an additional 22 shares during the period. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Argus upgraded shares of Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Royal Bank of Canada began coverage on shares of Linde in a research report on Friday. They issued an “outperform” rating and a $576.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $510.40.

Linde Stock Performance

NASDAQ LIN opened at $465.98 on Monday. The business’s 50-day moving average price is $455.26 and its 200 day moving average price is $449.01. 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 twelve month low of $408.65 and a twelve month high of $487.49. The company has a market capitalization of $219.35 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 3.08 and a beta of 0.97.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.03. The company had revenue of $8.11 billion during the quarter, compared to analysts’ expectations of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.75 EPS. On average, research analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.29%. Linde’s dividend payout ratio is presently 43.57%.

Insider Buying and Selling at Linde

In other news, VP Sean Durbin sold 7,261 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David P. Strauss sold 1,987 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the sale, the vice president now owns 22,639 shares of the company’s stock, valued at $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

About Linde

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.