AlTi Global Inc. Buys Shares of 2,217 Linde plc (NASDAQ:LIN)

AlTi Global Inc. acquired a new position in shares of Linde plc (NASDAQ:LIN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,217 shares of the basic materials company's stock, valued at approximately $971,000.

Several other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC bought a new position in shares of Linde in the third quarter valued at approximately $590,000. Versant Capital Management Inc raised its stake in Linde by 22.2% during the 4th quarter. Versant Capital Management Inc now owns 644 shares of the basic materials company's stock valued at $270,000 after purchasing an additional 117 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company's stock valued at $898,188,000 after purchasing an additional 46,843 shares during the period. Capital Market Strategies LLC raised its position in shares of Linde by 9.1% during the fourth quarter. Capital Market Strategies LLC now owns 598 shares of the basic materials company's stock valued at $250,000 after buying an additional 50 shares during the last quarter. Finally, Kozak & Associates Inc. grew its position in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company's stock worth $40,000 after buying an additional 27 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

Shares of LIN stock opened at $454.95 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. Linde plc has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market cap of $215.15 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 3.08 and a beta of 1.00. The stock has a 50-day moving average price of $453.29 and a 200 day moving average price of $449.47.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. Linde had a net margin of 19.89% and a return on equity of 18.71%. The business had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the previous year, the firm posted $3.75 earnings per share. Linde's revenue for the quarter was up .1% compared to the same quarter last year. Research analysts expect that Linde plc will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Wednesday, June 4th. Linde's payout ratio is 44.09%.

Insiders Place Their Bets

In other news, Director Robert L. Wood sold 2,900 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares of the company's stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction dated Monday, March 3rd. The stock was 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 in the company, valued at approximately $610,662. This represents a 65.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,159 shares of company stock worth $5,603,843. Insiders own 0.60% of the company's stock.

Analyst Ratings Changes

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

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.

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