TD Private Client Wealth LLC Boosts Stock Position in Linde PLC (NASDAQ:LIN)

TD Private Client Wealth LLC grew its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,504 shares of the basic materials company's stock after buying an additional 713 shares during the quarter. TD Private Client Wealth LLC's holdings in Linde were worth $6,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LIN. Norges Bank purchased a new stake in shares of Linde in the fourth quarter valued at approximately $2,901,853,000. Freemont Capital Pte Ltd purchased a new stake in shares of Linde during the fourth quarter worth approximately $2,128,233,000. GAMMA Investing LLC increased its position in shares of Linde by 58,312.0% during the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock worth $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Capital World Investors increased its position in shares of Linde by 34.4% during the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock worth $4,834,631,000 after purchasing an additional 2,957,604 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Linde during the fourth quarter worth approximately $468,360,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of Linde stock opened at $475.83 on Monday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The business's fifty day simple moving average is $461.54 and its 200-day simple moving average is $451.45. The firm has a market cap of $223.98 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 3.35 and a beta of 0.96. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.95% and a net margin of 20.02%. The business had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. During the same quarter in the prior year, the company posted $3.75 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. Equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a $1.50 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.26%. Linde's dividend payout ratio is presently 43.57%.

Analysts Set New Price Targets

LIN has been the topic of a number of recent research reports. Citigroup raised Linde from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Royal Bank Of Canada initiated coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective on the stock. Argus raised Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $515.90.

Insider Buying and Selling at Linde

In related news, VP David P. Strauss sold 1,987 shares of the business's stock in a transaction 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 sale, the vice president owned 22,639 shares in the company, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the sale, the vice president owned 8,151 shares in the company, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently 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.

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