Linde PLC (NASDAQ:LIN) Shares Bought by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. increased its shareholding in Linde PLC by 37.9% in the 1st quarter, bringing its total ownership to 17,765 shares valued at $8.27 million.
• Several institutional investors have significantly adjusted their stakes in Linde, with Freemont Capital acquiring a new stake worth over $2.1 billion during the 4th quarter.
• Linde recently announced a quarterly dividend of $1.50 per share, with an upcoming payment date scheduled for September 18th, yielding approximately 1.3% annually.

Atria Wealth Solutions Inc. raised its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 37.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,765 shares of the basic materials company's stock after purchasing an additional 4,879 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Linde were worth $8,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. North Capital Inc. acquired a new position in shares of Linde during the 1st quarter worth approximately $25,000. Putney Financial Group LLC purchased a new position in shares of Linde during the 4th quarter worth $31,000. Dunhill Financial LLC acquired a new stake in Linde in the 4th quarter worth about $34,000. Capital A Wealth Management LLC purchased a new position in shares of Linde during the 4th quarter worth about $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in Linde during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LIN. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. UBS Group upped their price target on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price for the company. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of "Buy" and a consensus target price of $519.63.

Insider Activity

In other news, VP David P. Strauss sold 1,987 shares of Linde 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 sale, the vice president directly owned 22,639 shares of the company's stock, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the vice president directly owned 8,151 shares of the company's stock, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,557 shares of company stock worth $28,037,479 over the last ninety days. Corporate insiders own 0.70% of the company's stock.

Linde Stock Up 0.6%

Shares of LIN stock traded up $2.99 during trading hours on Friday, reaching $472.42. The company had a trading volume of 939,239 shares, compared to its average volume of 1,504,921. The company has a market capitalization of $221.52 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 3.10 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. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock's fifty day simple moving average is $467.65 and its 200 day simple moving average is $458.56.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $1.50 per share. The ex-dividend date is Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde's dividend payout ratio (DPR) is currently 42.67%.

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.