Legacy Advisors LLC Grows Stock Holdings in Linde PLC (NASDAQ:LIN)

Legacy Advisors LLC grew its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 39.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,188 shares of the basic materials company's stock after acquiring an additional 619 shares during the period. Legacy Advisors LLC's holdings in Linde were worth $1,019,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LIN. Brighton Jones LLC bought a new position in Linde in the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC raised its holdings in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after buying an additional 96 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Linde by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock valued at $28,662,000 after buying an additional 1,876 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Linde by 7.5% in the 4th quarter. First Horizon Advisors Inc. now owns 1,099 shares of the basic materials company's stock worth $460,000 after buying an additional 77 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in Linde by 5.4% in the fourth quarter. Wealthspire Advisors LLC now owns 3,209 shares of the basic materials company's stock worth $1,343,000 after buying an additional 163 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

Shares of Linde stock opened at $463.16 on Wednesday. The business has a 50 day moving average of $458.21 and a 200 day moving average of $449.28. 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 $218.02 billion, a PE ratio of 33.64, a P/E/G ratio of 3.24 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data 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 business 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 company's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $3.75 EPS. As a group, equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $1.50 per share. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. Linde's dividend payout ratio (DPR) is 43.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LIN. Argus upgraded shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Royal Bank Of Canada initiated coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Finally, Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $510.40.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 1,987 shares of the company's stock in a transaction dated Friday, May 16th. The shares were 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 in the company, valued at approximately $10,346,928.56. This represents a 8.07% 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 Sean Durbin sold 7,261 shares of the firm'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 transaction, the vice president now directly owns 8,151 shares of the company's stock, valued at $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 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.

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.