Aletheian Wealth Advisors LLC Buys New Position in Linde plc (NASDAQ:LIN)

Aletheian Wealth Advisors LLC bought a new position in shares of Linde plc (NASDAQ:LIN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 627 shares of the basic materials company's stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. raised its position in shares of Linde by 85.2% in the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company's stock valued at $1,047,000 after purchasing an additional 1,150 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in Linde by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company's stock valued at $88,505,000 after purchasing an additional 1,320 shares in the last quarter. SYM FINANCIAL Corp purchased a new position in shares of Linde in the fourth quarter worth $625,000. Markel Group Inc. grew its holdings in shares of Linde by 8.4% during the fourth quarter. Markel Group Inc. now owns 168,000 shares of the basic materials company's stock valued at $70,337,000 after buying an additional 13,000 shares during the last quarter. Finally, Prosperity Consulting Group LLC grew its holdings in shares of Linde by 4.5% during the fourth quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company's stock valued at $3,261,000 after buying an additional 332 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LIN shares. Argus raised Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Linde has an average rating of "Moderate Buy" and an average price target of $503.11.

Linde Stock Down 0.1%

Linde stock traded down $0.53 during mid-day trading on Thursday, reaching $473.24. 525,678 shares of the company's stock were exchanged, compared to its average volume of 1,959,674. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a market cap of $222.76 billion, a P/E ratio of 34.77, a P/E/G ratio of 3.08 and a beta of 1.00. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $452.28 and a 200-day moving average of $448.21.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $8.24 billion. During the same quarter last year, the business posted $3.75 EPS. The business's quarterly revenue 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 year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given 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 dividend yield of 1.27%. Linde's dividend payout ratio (DPR) is currently 43.57%.

Insider Activity at Linde

In other Linde 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 transaction, the vice president now directly owns 8,151 shares of the company's stock, valued at approximately $3,720,279.42. The trade was a 47.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were 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 owns 22,639 shares of the company's stock, 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 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.