Linde PLC (NASDAQ:LIN) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 68.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,861 shares of the basic materials company's stock after buying an additional 3,610 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Linde were worth $4,126,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in Linde during the fourth quarter worth $2,901,853,000. Freemont Capital Pte Ltd purchased a new stake in Linde during the fourth quarter worth $2,128,233,000. GAMMA Investing LLC boosted its position in Linde by 58,312.0% during the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock worth $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Capital World Investors boosted its position in Linde by 34.4% during the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock worth $4,834,631,000 after purchasing an additional 2,957,604 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Linde during the fourth quarter worth $468,360,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LIN shares. Royal Bank Of Canada started coverage on Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and upped their price objective for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Argus upgraded Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $515.90.

Insider Buying and Selling

In related news, VP David P. Strauss sold 1,987 shares of the stock in a transaction that occurred on 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 owned 22,639 shares of the company's stock, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean Durbin sold 7,261 shares of the 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 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 disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Linde Trading Down 0.0%

Linde stock traded down $0.10 during trading on Tuesday, hitting $469.49. The company's stock had a trading volume of 645,930 shares, compared to its average volume of 1,965,395. The stock has a market capitalization of $221.00 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 3.35 and a beta of 0.96. The stock's fifty day moving average is $461.97 and its 200 day moving average is $451.76. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94.

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

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.28%. 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.