Abel Hall LLC Makes New Investment in Linde PLC (NASDAQ:LIN)

Abel Hall LLC acquired a new position in Linde PLC (NASDAQ:LIN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 687 shares of the basic materials company's stock, valued at approximately $320,000.

A number of other institutional investors have also recently bought and sold shares of LIN. North Capital Inc. purchased a new stake in shares of Linde in the 1st quarter worth about $25,000. Putney Financial Group LLC bought a new position in Linde in the fourth quarter worth about $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 holdings 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 valued at $36,000 after purchasing an additional 22 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Linde during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 1,987 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the sale, the vice president owned 22,639 shares of the company's stock, valued at $10,346,928.56. This represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the completion of the transaction, the vice president owned 8,151 shares in the company, valued at approximately $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 owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LIN shares. Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their price target for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Argus raised Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. UBS Group boosted their price target on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Linde has a consensus rating of "Buy" and an average target price of $518.80.

Linde Stock Up 0.1%

Shares of NASDAQ:LIN opened at $472.71 on Wednesday. The business's 50-day moving average is $464.65 and its 200-day moving average is $454.60. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The company has a market capitalization of $222.52 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 3.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a return on equity of 18.95% and a net margin of 20.02%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.75 EPS. Equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.27%. Linde's dividend payout ratio (DPR) is currently 43.57%.

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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