Dorsey & Whitney Trust CO LLC Purchases 95 Shares of Linde plc (NASDAQ:LIN)

Dorsey & Whitney Trust CO LLC lifted its position in Linde plc (NASDAQ:LIN) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,023 shares of the basic materials company’s stock after purchasing an additional 95 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Linde were worth $2,103,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Helios Capital Management PTE. Ltd. lifted its position in Linde by 85.2% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after buying an additional 1,150 shares in the last quarter. Channel Wealth LLC lifted its position in Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the period. M&T Bank Corp lifted its position in Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares during the period. Nordea Investment Management AB lifted its position in Linde by 2.2% during 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 during the period. Finally, SYM FINANCIAL Corp acquired a new position in Linde during the 4th quarter valued at about $625,000. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $468.77 on Friday. The business has a 50 day simple moving average of $444.80 and a 200 day simple moving average of $455.29. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The stock has a market cap of $221.69 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. Analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 1.28%. This is a boost from Linde’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Thursday, March 13th. Linde’s dividend payout ratio is presently 44.09%.

Insider Transactions at Linde

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,377 shares of company stock valued at $6,567,231 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LIN shares. Citigroup cut their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.