Desjardins Global Asset Management Inc. Has $1.07 Million Stock Position in Linde plc (NASDAQ:LIN)

Desjardins Global Asset Management Inc. cut its position in Linde plc (NASDAQ:LIN) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,611 shares of the basic materials company’s stock after selling 81 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Linde were worth $1,072,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LIN. Carmel Capital Partners LLC bought a new position in Linde during the third quarter worth $26,000. Annapolis Financial Services LLC increased its stake in Linde by 122.6% in the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 38 shares during the period. Provence Wealth Management Group bought a new position in Linde during the third quarter worth about $29,000. FWL Investment Management LLC acquired a new stake in Linde during the fourth quarter valued at approximately $30,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of Linde in the 4th quarter valued at approximately $36,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, SVP Oliver Pfann sold 300 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the completion of the transaction, the vice president now owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders have sold 78,248 shares of company stock worth $35,811,988 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on LIN shares. Citigroup lowered Linde from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $475.00 to $500.00 in a research note on Wednesday, April 10th. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and raised their price objective for the company from $482.00 to $510.00 in a research report on Wednesday, March 27th. Mizuho upped their target price on shares of Linde from $503.00 to $510.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Stifel Nicolaus cut shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research report on Monday, January 22nd. Finally, Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $456.79.

Linde Stock Up 0.2 %

Linde stock opened at $446.79 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $452.70 and a 200 day simple moving average of $417.56. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71. The company has a market cap of $215.17 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 2.91 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the prior year, the company posted $3.16 earnings per share. Linde’s revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.39 dividend. This is an increase from Linde’s previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, March 13th. This represents a $5.56 annualized dividend and a yield of 1.24%. Linde’s dividend payout ratio is presently 44.13%.

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.