Consolidated Investment Group LLC Grows Stock Position in Linde PLC (NASDAQ:LIN)

Consolidated Investment Group LLC raised its position in Linde PLC (NASDAQ:LIN - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,390 shares of the basic materials company's stock after acquiring an additional 1,990 shares during the quarter. Consolidated Investment Group LLC's holdings in Linde were worth $4,372,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Wrapmanager Inc. grew its holdings in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock worth $709,000 after acquiring an additional 22 shares during the period. Knuff & Co LLC grew its holdings in Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock worth $114,000 after acquiring an additional 22 shares during the period. New Age Alpha Advisors LLC grew its holdings 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 worth $36,000 after acquiring an additional 22 shares during the period. Austin Wealth Management LLC grew its holdings in Linde by 5.3% during the fourth quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company's stock worth $209,000 after acquiring an additional 24 shares during the period. Finally, Personal CFO Solutions LLC grew its holdings in Linde by 0.8% during the fourth quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company's stock worth $1,305,000 after acquiring an additional 25 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP David P. Strauss sold 1,987 shares of the 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 now directly owns 22,639 shares in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the transaction, the vice president now owns 8,151 shares in the company, valued at $3,720,279.42. This trade represents a 47.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LIN shares. Argus raised Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Royal Bank Of Canada began coverage on 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 Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Linde currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.40.

Linde Price Performance

Shares of NASDAQ:LIN traded up $3.89 on Monday, hitting $459.75. The company had a trading volume of 1,610,534 shares, compared to its average volume of 1,967,053. 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 52-week low of $408.65 and a 52-week high of $487.49. The business has a 50 day moving average of $457.70 and a 200 day moving average of $449.11. The company has a market cap of $216.41 billion, a PE ratio of 33.39, a PEG ratio of 3.22 and a beta of 0.97.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the prior year, the business earned $3.75 earnings per share. The business's revenue was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.31%. Linde's dividend payout ratio is currently 43.57%.

Linde Company 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.