603 Shares in Linde PLC (NASDAQ:LIN) Bought by Pure Financial Advisors LLC

Pure Financial Advisors LLC bought a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 603 shares of the basic materials company's stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LIN. Rakuten Securities Inc. boosted its position in shares of Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 58 shares during the last quarter. Putney Financial Group LLC bought a new position in shares of Linde in the fourth quarter worth approximately $31,000. Dunhill Financial LLC purchased a new stake in Linde in the fourth quarter valued at approximately $34,000. New Age Alpha Advisors LLC lifted its position in Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 22 shares during the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in Linde in the 4th quarter worth approximately $37,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Linde

In related news, VP David P. Strauss sold 1,987 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the sale, the vice president now directly owns 22,639 shares in the company, valued at $10,346,928.56. This represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sean Durbin sold 7,261 shares of the stock in a transaction dated 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 of the company's stock, valued at $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of Linde stock opened at $463.79 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $218.32 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The business's 50-day moving average price is $458.94 and its 200-day moving average price is $449.63. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.92 by $0.03. The firm had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a return on equity of 18.95% and a net margin of 20.02%. The company's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $3.75 EPS. Sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.29%. The ex-dividend date was Wednesday, June 4th. Linde's dividend payout ratio is presently 43.57%.

Analyst Ratings Changes

LIN has been the topic of several research reports. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Finally, Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Three 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.40.

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.

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