Coastline Trust Co Decreases Holdings in Linde plc (NASDAQ:LIN)

Coastline Trust Co trimmed its position in shares of Linde plc (NASDAQ:LIN) by 11.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,388 shares of the basic materials company’s stock after selling 427 shares during the quarter. Coastline Trust Co’s holdings in Linde were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Linde by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,062,295 shares of the basic materials company’s stock worth $863,406,000 after purchasing an additional 151,711 shares during the period. Dnca Finance boosted its stake in shares of Linde by 28.4% during the 4th quarter. Dnca Finance now owns 80,640 shares of the basic materials company’s stock worth $33,762,000 after acquiring an additional 17,860 shares during the last quarter. First Trust Advisors LP grew its position in shares of Linde by 23.7% during the 4th quarter. First Trust Advisors LP now owns 595,775 shares of the basic materials company’s stock valued at $249,433,000 after acquiring an additional 114,271 shares during the period. Forum Financial Management LP increased its stake in shares of Linde by 15.7% in the 4th quarter. Forum Financial Management LP now owns 4,158 shares of the basic materials company’s stock worth $1,741,000 after purchasing an additional 565 shares in the last quarter. Finally, Capital International Ltd. CA raised its holdings in Linde by 10.0% in the 4th quarter. Capital International Ltd. CA now owns 44,182 shares of the basic materials company’s stock worth $18,498,000 after purchasing an additional 4,031 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares in the company, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares of the company’s stock, valued at approximately $610,662. The trade was a 65.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,159 shares of company stock worth $5,603,843 over the last quarter. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of several recent research reports. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a report on Thursday, April 3rd. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Argus raised shares of Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $498.00.

Linde Stock Performance

NASDAQ LIN opened at $452.12 on Friday. The stock has a market capitalization of $213.81 billion, a PE ratio of 33.22, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49. The business has a 50 day simple moving average of $455.45 and a two-hundred day simple moving average of $451.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, research analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.33%. This is a positive change from Linde’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend was Thursday, March 13th. Linde’s payout ratio is presently 44.09%.

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.