Linde PLC (NASDAQ:LIN) Shares Bought by Heirloom Wealth Management

Heirloom Wealth Management grew its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,259 shares of the basic materials company's stock after purchasing an additional 1,091 shares during the period. Linde makes up 3.9% of Heirloom Wealth Management's portfolio, making the stock its 10th biggest position. Heirloom Wealth Management's holdings in Linde were worth $13,624,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Jag Capital Management LLC lifted its position in shares of Linde by 68.7% in the first quarter. Jag Capital Management LLC now owns 1,164 shares of the basic materials company's stock worth $542,000 after purchasing an additional 474 shares in the last quarter. CM Wealth Advisors LLC acquired a new position in Linde in the 1st quarter valued at approximately $210,000. 3Chopt Investment Partners LLC acquired a new position in Linde in the 1st quarter valued at approximately $296,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Linde by 21.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 162,676 shares of the basic materials company's stock valued at $71,920,000 after buying an additional 28,635 shares during the period. Finally, Money Concepts Capital Corp increased its stake in shares of Linde by 6.9% in the first quarter. Money Concepts Capital Corp now owns 1,125 shares of the basic materials company's stock worth $524,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Activity

In related news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the sale, the vice president now owns 22,639 shares of the company's stock, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 now directly owns 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. Corporate insiders own 0.70% of the company's stock.

Linde Trading Down 0.1%

NASDAQ:LIN traded down $0.67 during mid-day trading on Friday, hitting $463.79. The company had a trading volume of 2,634,344 shares, compared to its average volume of 1,972,547. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The business's fifty day moving average is $458.94 and its two-hundred day moving average is $449.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94. The firm has a market cap of $218.32 billion, a P/E ratio of 29.52, a P/E/G ratio of 3.27 and a beta of 0.97.

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 for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. The company had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $3.75 earnings per share. As a group, research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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 1.29%. The ex-dividend date was Wednesday, June 4th. Linde's payout ratio is currently 43.57%.

Wall Street Analysts Forecast Growth

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