Addenda Capital Inc. Buys 1,708 Shares of Linde plc (NASDAQ:LIN)

Addenda Capital Inc. increased its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 7.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,667 shares of the basic materials company's stock after acquiring an additional 1,708 shares during the quarter. Addenda Capital Inc.'s holdings in Linde were worth $11,020,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wrapmanager Inc. lifted its stake in shares of Linde by 1.3% in the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock worth $709,000 after acquiring an additional 22 shares during the period. Knuff & Co LLC increased its position in shares of Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock worth $114,000 after buying an additional 22 shares during the period. New Age Alpha Advisors LLC raised its stake in Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after buying an additional 22 shares during the last quarter. Concord Asset Management LLC VA boosted its position in Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock valued at $1,999,000 after acquiring an additional 23 shares during the last quarter. Finally, Fourpath Capital Management LLC grew its holdings in Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock worth $1,732,000 after acquiring an additional 24 shares during the period. Institutional investors own 82.80% of the company's stock.

Insider Transactions at Linde

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

Linde Stock Down 0.5%

NASDAQ:LIN traded down $2.53 during trading hours on Thursday, hitting $471.24. 750,471 shares of the company traded hands, compared to its average volume of 1,960,526. Linde plc has a one year low of $408.65 and a one year high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm's 50-day simple moving average is $452.28 and its 200-day simple moving average is $448.21. The company has a market cap of $221.82 billion, a PE ratio of 34.62, a PEG ratio of 3.08 and a beta of 1.00.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. The company had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.75 EPS. Equities analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's dividend payout ratio is currently 43.57%.

Analysts Set New Price Targets

Several equities research analysts recently commented on LIN shares. Argus raised Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $503.11.

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.