Fiera Capital Corp Sells 162,299 Shares of Linde plc (NASDAQ:LIN)

Fiera Capital Corp trimmed its position in shares of Linde plc (NASDAQ:LINFree Report) by 20.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 627,036 shares of the basic materials company’s stock after selling 162,299 shares during the quarter. Fiera Capital Corp’s holdings in Linde were worth $257,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Provence Wealth Management Group grew its stake in shares of Linde by 655.7% during the 4th quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock valued at $245,000 after purchasing an additional 518 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in Linde during the fourth quarter valued at approximately $203,000. Handelsinvest Investeringsforvaltning bought a new position in Linde in the fourth quarter worth approximately $1,600,000. Harbour Trust & Investment Management Co purchased a new position in shares of Linde during the 4th quarter worth $1,480,000. Finally, McKinley Carter Wealth Services Inc. grew its position in shares of Linde by 17.9% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 16,157 shares of the basic materials company’s stock valued at $6,636,000 after acquiring an additional 2,448 shares during the period. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent research reports. BMO Capital Markets decreased their target price on Linde from $510.00 to $475.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. HSBC decreased their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and increased their target price for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. TD Cowen raised their target price on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company upped their price target on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average target price of $468.83.

Read Our Latest Stock Analysis on LIN

Insiders Place Their Bets

In other news, VP Juergen Nowicki sold 13,134 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total value of $6,030,344.76. Following the completion of the sale, the vice president now owns 6,920 shares in the company, valued at approximately $3,177,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Linde news, CFO Matthew J. White sold 51,231 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $455.84, for a total value of $23,353,139.04. Following the transaction, the chief financial officer now owns 57,634 shares of the company’s stock, valued at approximately $26,271,882.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Juergen Nowicki sold 13,134 shares of Linde stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total value of $6,030,344.76. Following the sale, the vice president now owns 6,920 shares of the company’s stock, valued at $3,177,248.80. The disclosure for this sale can be found here. Insiders sold 77,948 shares of company stock valued at $35,687,605 over the last three months. 0.70% of the stock is owned by company insiders.

Linde Price Performance

Shares of NASDAQ LIN traded up $2.83 during mid-day trading on Friday, hitting $432.52. 1,150,667 shares of the company’s stock traded hands, compared to its average volume of 2,154,631. The company has a market capitalization of $207.90 billion, a P/E ratio of 33.55, a PEG ratio of 2.85 and a beta of 0.94. Linde plc has a 1 year low of $350.60 and a 1 year high of $477.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. The company’s 50-day moving average is $450.70 and its two-hundred day moving average is $426.88.

Linde (NASDAQ:LINGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. The business had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.42 earnings per share. On average, equities analysts anticipate that Linde plc will post 15.5 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, June 4th. Linde’s payout ratio is 43.13%.

About Linde

(Free Report)

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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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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