Inscription Capital LLC Invests $509,000 in Linde PLC (NASDAQ:LIN)

Inscription Capital LLC bought a new position in Linde PLC (NASDAQ:LIN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,096 shares of the basic materials company's stock, valued at approximately $509,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Treasurer of the State of North Carolina increased its stake in shares of Linde by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company's stock valued at $88,505,000 after buying an additional 1,320 shares in the last quarter. Markel Group Inc. lifted its position in Linde by 8.4% during the 4th quarter. Markel Group Inc. now owns 168,000 shares of the basic materials company's stock worth $70,337,000 after buying an additional 13,000 shares in the last quarter. Prosperity Consulting Group LLC lifted its position in Linde by 4.5% during the 4th quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company's stock worth $3,261,000 after buying an additional 332 shares in the last quarter. Arizona State Retirement System grew its holdings in Linde by 0.5% during the 4th quarter. Arizona State Retirement System now owns 138,500 shares of the basic materials company's stock worth $57,986,000 after acquiring an additional 676 shares during the last quarter. Finally, Jump Financial LLC increased its position in Linde by 300.3% in the 4th quarter. Jump Financial LLC now owns 26,150 shares of the basic materials company's stock valued at $10,948,000 after acquiring an additional 19,618 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Down 1.2%

Shares of LIN stock opened at $460.90 on Wednesday. The stock has a market cap of $216.95 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97. Linde PLC has a 1 year low of $408.65 and a 1 year 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 stock has a 50 day simple moving average of $456.62 and a 200 day simple moving average of $449.13.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results 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 firm had revenue of $8.11 billion for 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 business's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $3.75 EPS. On average, research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Wednesday, June 4th. Linde's payout ratio is 43.57%.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of research reports. Argus raised shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price for the company. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Linde presently has a consensus rating of "Moderate Buy" and an average target price of $510.40.

Insider Activity at Linde

In related news, VP David P. Strauss sold 1,987 shares of the company's 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 directly owns 22,639 shares in the company, valued at $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by 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.

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.