Elevation Point Wealth Partners LLC Buys 2,917 Shares of Linde plc (NASDAQ:LIN)

Elevation Point Wealth Partners LLC raised its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 58.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,901 shares of the basic materials company's stock after buying an additional 2,917 shares during the period. Elevation Point Wealth Partners LLC's holdings in Linde were worth $3,679,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. West Branch Capital LLC grew its stake in shares of Linde by 42.5% in the 1st quarter. West Branch Capital LLC now owns 2,955 shares of the basic materials company's stock worth $1,376,000 after purchasing an additional 881 shares during the last quarter. Everhart Financial Group Inc. grew its stake in shares of Linde by 16.1% in the 1st quarter. Everhart Financial Group Inc. now owns 2,152 shares of the basic materials company's stock worth $1,002,000 after purchasing an additional 298 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in shares of Linde by 15.7% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,865 shares of the basic materials company's stock worth $869,000 after purchasing an additional 253 shares during the last quarter. RMR Wealth Builders grew its stake in shares of Linde by 10.4% in the 1st quarter. RMR Wealth Builders now owns 4,204 shares of the basic materials company's stock worth $1,958,000 after purchasing an additional 397 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Linde by 0.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 56,733 shares of the basic materials company's stock worth $26,417,000 after purchasing an additional 305 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LIN. Royal Bank of Canada began coverage on shares of Linde in a research note on Friday. They issued an "outperform" rating and a $576.00 price objective on the stock. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Argus raised shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Linde currently has an average rating of "Moderate Buy" and a consensus price target of $510.40.

Insider Buying and Selling at Linde

In related news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the transaction, the vice president now owns 22,639 shares in the company, valued at $10,346,928.56. This trade represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sean Durbin sold 7,261 shares of Linde 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 owns 8,151 shares in the company, valued at $3,720,279.42. This trade represents a 47.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Linde Stock Down 1.0%

LIN traded down $4.55 on Friday, reaching $465.98. 1,414,599 shares of the company traded hands, compared to its average volume of 1,970,686. The stock's 50 day moving average price is $455.26 and its 200-day moving average price is $449.06. Linde plc has a 52-week low of $408.65 and a 52-week high of $487.49. The company has a market cap of $219.35 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 3.08 and a beta of 0.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. Linde had a net margin of 19.89% and a return on equity of 18.71%. The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the previous year, the firm posted $3.75 earnings per share. The firm's revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, June 4th. Linde's dividend payout ratio (DPR) is presently 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.