Coldstream Capital Management Inc. Acquires 90 Shares of Linde plc (NASDAQ:LIN)

Coldstream Capital Management Inc. grew its stake in shares of Linde plc (NASDAQ:LIN) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,873 shares of the basic materials company’s stock after buying an additional 90 shares during the period. Coldstream Capital Management Inc.’s holdings in Linde were worth $7,064,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Capital World Investors raised its holdings in Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company’s stock valued at $4,834,631,000 after buying an additional 2,957,604 shares during the period. Geode Capital Management LLC boosted its holdings in Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company’s stock valued at $4,598,551,000 after acquiring an additional 30,750 shares during the period. Capital Research Global Investors boosted its stake in shares of Linde by 6.4% during the fourth quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company’s stock valued at $3,857,741,000 after purchasing an additional 554,480 shares during the period. Norges Bank bought a new position in shares of Linde in the fourth quarter worth about $2,901,853,000. Finally, Invesco Ltd. increased its stake in Linde by 7.5% in the 4th quarter. Invesco Ltd. now owns 3,818,608 shares of the basic materials company’s stock worth $1,598,737,000 after buying an additional 265,455 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,159 shares of company stock valued at $5,603,843. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Linde Stock Down 0.3 %

NASDAQ:LIN opened at $448.40 on Friday. 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 stock has a market capitalization of $212.05 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 52 week low of $408.65 and a 52 week high of $487.49. The stock’s fifty day moving average is $454.36 and its two-hundred day moving average is $450.51.

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

Linde Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is currently 44.09%.

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.