Greystone Financial Group LLC Has $10.58 Million Holdings in Linde plc (NASDAQ:LIN)

Greystone Financial Group LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 24.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,712 shares of the basic materials company's stock after purchasing an additional 4,510 shares during the period. Linde comprises 1.9% of Greystone Financial Group LLC's portfolio, making the stock its 19th biggest holding. Greystone Financial Group LLC's holdings in Linde were worth $10,576,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LIN. Brighton Jones LLC bought a new position in Linde during the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC increased its position in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after acquiring an additional 96 shares in the last quarter. Consolidated Portfolio Review Corp increased its position in Linde by 16.2% in the 4th quarter. Consolidated Portfolio Review Corp now owns 740 shares of the basic materials company's stock valued at $310,000 after acquiring an additional 103 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Linde in the 4th quarter valued at about $28,000. Finally, Apollon Wealth Management LLC increased its position in Linde by 18.2% in the 4th quarter. Apollon Wealth Management LLC now owns 9,413 shares of the basic materials company's stock valued at $3,941,000 after acquiring an additional 1,447 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $503.11.

Insider Activity at Linde

In related news, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were 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 approximately $3,720,279.42. The trade was a 47.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 1,987 shares of the business's 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 transaction, the vice president now owns 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 disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Linde Trading Up 0.4%

Shares of NASDAQ:LIN traded up $1.99 during trading on Thursday, hitting $470.53. 1,571,445 shares of the company's stock were exchanged, compared to its average volume of 1,969,102. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49. The firm has a 50-day moving average price of $453.31 and a two-hundred day moving average price of $448.95. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The firm has a market cap of $221.49 billion, a P/E ratio of 34.57, a PEG ratio of 3.08 and a beta of 0.97.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. The company had revenue of $8.11 billion during the quarter, compared to analysts' expectations of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. Linde's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.75 EPS. Equities analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued 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 is Wednesday, June 4th. 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.