CWA Asset Management Group LLC Has $1.30 Million Stock Position in Linde PLC (NASDAQ:LIN)

CWA Asset Management Group LLC increased its stake in Linde PLC (NASDAQ:LIN - Free Report) by 84.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,786 shares of the basic materials company's stock after buying an additional 1,277 shares during the quarter. CWA Asset Management Group LLC's holdings in Linde were worth $1,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors increased its holdings in shares of Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock worth $4,834,631,000 after acquiring an additional 2,957,604 shares during the last quarter. Geode Capital Management LLC boosted its position in Linde by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company's stock worth $4,598,551,000 after purchasing an additional 30,750 shares during the period. Capital Research Global Investors increased its holdings in shares of Linde by 6.4% in the fourth quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company's stock valued at $3,857,741,000 after purchasing an additional 554,480 shares during the last quarter. Norges Bank bought a new position in shares of Linde in the fourth quarter valued at about $2,901,853,000. Finally, Freemont Capital Pte Ltd acquired a new stake in shares of Linde during the 4th quarter worth about $2,128,233,000. 82.80% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Sean Durbin sold 7,261 shares of the firm's stock in a transaction 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 completion of the transaction, the vice president now directly owns 8,151 shares of the company's stock, valued at $3,720,279.42. This trade represents a 47.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the vice president now directly owns 22,639 shares of the company's stock, valued at $10,346,928.56. This represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.

Linde Stock Performance

Linde stock opened at $458.70 on Friday. The stock has a market cap of $215.92 billion, a PE ratio of 33.31, a P/E/G ratio of 3.24 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The business's 50-day moving average price is $457.41 and its two-hundred day moving average price is $449.19.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.75 EPS. As a group, analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 yield of 1.31%. Linde's dividend payout ratio is presently 43.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on LIN shares. Argus upgraded shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Royal Bank Of Canada initiated coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $510.40.

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.

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