Alpha Family Trust Buys 1,290 Shares of Linde PLC $LIN

Key Points

• Alpha Family Trust increased its stake in Linde PLC by 111.2%, acquiring an additional 1,290 shares, bringing its total holdings to 2,450 shares valued at approximately $1.14 million.
• Linde PLC recently reported earnings of $4.09 per share for the last quarter, exceeding analysts' estimates of $4.03, alongside a revenue of $8.50 billion.
• The company declared a quarterly dividend of $1.50 per share, which amounts to an annualized dividend yield of 1.2%, to be paid on September 18th.

Alpha Family Trust lifted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 111.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,450 shares of the basic materials company's stock after buying an additional 1,290 shares during the quarter. Linde comprises 0.7% of Alpha Family Trust's portfolio, making the stock its 25th biggest holding. Alpha Family Trust's holdings in Linde were worth $1,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LIN. North Capital Inc. purchased a new stake in shares of Linde during the first quarter worth about $25,000. Putney Financial Group LLC purchased a new stake in shares of Linde during the fourth quarter worth about $31,000. Dunhill Financial LLC purchased a new stake in shares of Linde during the fourth quarter worth about $34,000. Capital A Wealth Management LLC purchased a new stake in shares of Linde during the fourth quarter worth about $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Linde during the fourth quarter worth about $41,000. Institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of Linde stock opened at $480.08 on Monday. The stock has a market cap of $225.11 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a 50 day moving average price of $468.28 and a 200-day moving average price of $460.24. Linde PLC has a one year low of $408.65 and a one year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the company earned $3.85 EPS. Linde's quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio (DPR) is currently 42.67%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. UBS Group raised their price target on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and raised their price target for the company from $500.00 to $535.00 in a report on Monday, June 30th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $519.63.

Insider Buying and Selling

In related news, VP Sean Durbin sold 7,261 shares of the firm'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 sale, the vice president directly owned 8,151 shares of the company's stock, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the sale, the director directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. This represents a 9.48% 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.

About Linde

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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