Aristotle Atlantic Partners LLC Has $9.07 Million Stake in Linde plc (NASDAQ:LIN)

Aristotle Atlantic Partners LLC decreased its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,669 shares of the basic materials company's stock after selling 1,083 shares during the period. Aristotle Atlantic Partners LLC's holdings in Linde were worth $9,072,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Wrapmanager Inc. raised its holdings in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock valued at $709,000 after buying an additional 22 shares in the last quarter. Knuff & Co LLC increased its holdings in shares of Linde by 8.8% during the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock valued at $114,000 after acquiring an additional 22 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in shares of Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 22 shares during the last quarter. Concord Asset Management LLC VA raised its stake in shares of Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock valued at $1,999,000 after acquiring an additional 23 shares in the last quarter. Finally, Fourpath Capital Management LLC lifted its holdings in Linde by 0.6% in the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock worth $1,732,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Shares of NASDAQ:LIN traded down $5.44 during trading on Tuesday, hitting $447.05. 1,439,178 shares of the stock were exchanged, compared to its average volume of 1,934,081. The company's fifty day simple moving average is $453.12 and its 200-day simple moving average is $448.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The company has a market capitalization of $211.42 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS 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 company had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same period last year, the firm earned $3.75 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's payout ratio is 44.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LIN. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and lifted their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Argus upgraded 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 assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Linde presently has an average rating of "Moderate Buy" and a consensus target price of $498.00.

Insider Activity

In other news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 1,300 shares in the company, valued at approximately $610,662. The trade was a 65.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 owns 14,765 shares in the company, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,159 shares of company stock worth $5,603,843. Company insiders own 0.60% of the company's stock.

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.