Amalgamated Bank Purchases 874 Shares of Linde PLC (NASDAQ:LIN)

Amalgamated Bank boosted its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,015 shares of the basic materials company's stock after buying an additional 874 shares during the quarter. Amalgamated Bank's holdings in Linde were worth $44,243,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. grew its holdings in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after acquiring an additional 58 shares during the last quarter. Putney Financial Group LLC purchased a new position in Linde in the 4th quarter worth about $31,000. Dunhill Financial LLC acquired a new stake in Linde during the 4th quarter worth about $34,000. New Age Alpha Advisors LLC lifted its stake 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 buying an additional 22 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in Linde during the fourth quarter valued at about $37,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Up 1.2%

NASDAQ LIN traded up $5.39 on Monday, reaching $469.18. The stock had a trading volume of 1,827,303 shares, compared to its average volume of 1,971,965. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The business has a 50 day moving average price of $458.94 and a 200 day moving average price of $449.77. The company has a market capitalization of $220.85 billion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 3.27 and a beta of 0.97.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $8.11 billion during 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 firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.75 EPS. On average, analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a dividend of $1.50 per share. 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 1.28%. Linde's dividend payout ratio is currently 43.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LIN shares. Argus upgraded shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Royal Bank Of Canada began coverage on shares of Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and increased their target price for the company from $500.00 to $535.00 in a report on Monday. Finally, Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Linde has an average rating of "Buy" and a consensus price target of $515.90.

Insider Buying and Selling at Linde

In other Linde news, VP David P. Strauss sold 1,987 shares of the firm's 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 transaction, the vice president directly owned 22,639 shares in the company, valued at $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the vice president directly owned 8,151 shares in the company, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by 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.