Linde PLC (NASDAQ:LIN) Shares Sold by Concord Wealth Partners

Concord Wealth Partners trimmed its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 81.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 866 shares of the basic materials company's stock after selling 3,859 shares during the period. Concord Wealth Partners' holdings in Linde were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Treasurer of the State of North Carolina raised its stake in shares of Linde by 0.6% in 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 buying an additional 1,320 shares in the last quarter. Prosperity Consulting Group LLC raised its stake in shares of Linde by 4.5% in the 4th 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 in the last quarter. Jump Financial LLC raised its stake in shares of Linde by 300.3% in the 4th quarter. Jump Financial LLC now owns 26,150 shares of the basic materials company's stock valued at $10,948,000 after buying an additional 19,618 shares in the last quarter. Groupama Asset Managment raised its stake in shares of Linde by 23.0% in the 4th quarter. Groupama Asset Managment now owns 22,235 shares of the basic materials company's stock valued at $9,287,000 after buying an additional 4,162 shares in the last quarter. Finally, Taurus Asset Management LLC raised its stake in shares of Linde by 0.9% in the 4th quarter. Taurus Asset Management LLC now owns 55,009 shares of the basic materials company's stock valued at $23,031,000 after buying an additional 484 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIN has been the topic of several analyst reports. UBS Group upped their target price on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and upped their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Argus raised shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Royal Bank Of Canada initiated coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Finally, Sanford C. Bernstein raised shares of 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 given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $518.80.

Insider Activity

In other news, VP David P. Strauss sold 1,987 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was 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 approximately $3,720,279.42. The trade was 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 currently owned by company insiders.

Linde Stock Up 0.8%

Shares of LIN traded up $3.72 during trading hours on Friday, reaching $465.01. The stock had a trading volume of 2,267,610 shares, compared to its average volume of 1,977,294. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a 50-day simple moving average of $464.65 and a 200 day simple moving average of $454.32. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $218.89 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 3.28 and a beta of 0.96.

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

Linde Announces Dividend

The firm also recently announced 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde's dividend payout ratio (DPR) is presently 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.