Fedenia Advisers LLC Buys 621 Shares of Linde PLC (NASDAQ:LIN)

Fedenia Advisers LLC grew its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 48.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the basic materials company's stock after purchasing an additional 621 shares during the period. Fedenia Advisers LLC's holdings in Linde were worth $885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Capital World Investors boosted its holdings in Linde by 34.4% in 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. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 30,750 shares during the last quarter. Capital Research Global Investors boosted its position 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 acquiring an additional 554,480 shares during the period. Norges Bank acquired a new stake in shares of Linde in the fourth quarter worth $2,901,853,000. Finally, Freemont Capital Pte Ltd acquired a new stake in shares of Linde in the fourth quarter worth $2,128,233,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Trading Up 0.1%

Shares of NASDAQ:LIN traded up $0.42 during mid-day trading on Wednesday, reaching $477.17. The stock had a trading volume of 1,423,138 shares, compared to its average volume of 1,967,477. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. 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 firm has a market cap of $224.61 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96. The firm has a 50 day simple moving average of $459.89 and a two-hundred day simple moving average of $450.20.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly 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. The company had revenue of $8.11 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.75 EPS. On average, research analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Wednesday, June 4th. Linde's payout ratio is currently 43.57%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, VP David P. Strauss sold 1,987 shares of the company's 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 completion of the transaction, the vice president directly owned 22,639 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the sale, the vice president directly owned 8,151 shares in the company, valued at approximately $3,720,279.42. This 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 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.