3,496 Shares in Linde plc (NASDAQ:LIN) Purchased by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC acquired a new stake in shares of Linde plc (NASDAQ:LIN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,496 shares of the basic materials company's stock, valued at approximately $1,628,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LIN. Wrapmanager Inc. raised its stake in shares of Linde by 1.3% in the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock worth $709,000 after purchasing an additional 22 shares during the last quarter. Knuff & Co LLC increased its holdings in Linde by 8.8% in the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock worth $114,000 after buying an additional 22 shares in the last quarter. New Age Alpha Advisors LLC raised its position in Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after buying an additional 22 shares during the last quarter. Austin Wealth Management LLC lifted its stake in Linde by 5.3% during the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company's stock valued at $209,000 after acquiring an additional 24 shares during the period. Finally, Personal CFO Solutions LLC lifted its stake in Linde by 0.8% during the 4th quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company's stock valued at $1,305,000 after acquiring an additional 25 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Activity at Linde

In related news, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the sale, the vice president now owns 8,151 shares in the company, valued at approximately $3,720,279.42. The trade was a 47.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the sale, the vice president now directly owns 22,639 shares in the company, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Linde Stock Performance

LIN opened at $472.71 on Monday. The firm has a market cap of $222.52 billion, a P/E ratio of 34.73, a PEG ratio of 3.08 and a beta of 0.97. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49. The company has a 50 day simple moving average of $452.49 and a two-hundred day simple moving average of $448.51. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $3.75 earnings per share. Equities analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.27%. Linde's payout ratio is 43.57%.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of research analyst reports. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Argus raised Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Linde currently has an average rating of "Moderate Buy" and an average price target of $503.11.

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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