Addenda Capital Inc. Has $9.19 Million Stock Position in Linde plc (NASDAQ:LIN)

Addenda Capital Inc. raised its holdings in Linde plc (NASDAQ:LIN) by 27.3% in the 4th quarter, HoldingsChannel reports. The fund owned 21,959 shares of the basic materials company’s stock after acquiring an additional 4,714 shares during the period. Addenda Capital Inc.’s holdings in Linde were worth $9,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. AE Wealth Management LLC increased its position in Linde by 39.8% in the 2nd quarter. AE Wealth Management LLC now owns 4,202 shares of the basic materials company’s stock valued at $1,844,000 after acquiring an additional 1,196 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Linde by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 120,352 shares of the basic materials company’s stock valued at $52,812,000 after purchasing an additional 1,186 shares during the last quarter. Hancock Whitney Corp boosted its stake in shares of Linde by 7.6% in the 2nd quarter. Hancock Whitney Corp now owns 2,180 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 154 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Linde by 12.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 99,113 shares of the basic materials company’s stock valued at $43,492,000 after purchasing an additional 11,339 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Linde in the 2nd quarter valued at $101,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Linde Stock Up 0.8 %

LIN opened at $436.00 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company’s 50-day moving average is $436.85 and its 200 day moving average is $453.12. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a market capitalization of $207.61 billion, a P/E ratio of 33.11, a PEG ratio of 2.70 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period last year, the firm earned $3.63 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Research analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LIN shares. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. 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 note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $495.75.

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.