EagleClaw Capital Managment LLC Buys 780 Shares of Linde PLC (NASDAQ:LIN)

Key Points

• EagleClaw Capital Management LLC increased its stake in Linde PLC by 2.9% during the first quarter, making Linde its 9th largest position, worth approximately $12.88 million.
• Several institutional investors, including Jump Financial LLC and Sterling Capital Management LLC, made significant adjustments to their Linde holdings in the fourth quarter, showcasing heightened interest in the stock.
• Linde's recent quarterly earnings reported an EPS of $3.95, which narrowly exceeded analysts' expectations, with a corresponding quarterly revenue of $8.11 billion.

EagleClaw Capital Managment LLC raised its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,665 shares of the basic materials company's stock after purchasing an additional 780 shares during the period. Linde makes up about 2.0% of EagleClaw Capital Managment LLC's portfolio, making the stock its 9th largest holding. EagleClaw Capital Managment LLC's holdings in Linde were worth $12,882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Treasurer of the State of North Carolina lifted its stake in Linde by 0.6% in the 4th 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 purchasing an additional 1,320 shares during the last quarter. Prosperity Consulting Group LLC lifted its stake in Linde by 4.5% in the 4th quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company's stock valued at $3,261,000 after purchasing an additional 332 shares during the last quarter. Jump Financial LLC lifted its stake 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 purchasing an additional 19,618 shares during the last quarter. Taurus Asset Management LLC lifted its stake in Linde by 0.9% in the 4th quarter. Taurus Asset Management LLC now owns 55,009 shares of the basic materials company's stock valued at $23,031,000 after purchasing an additional 484 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Linde by 770.8% in the 4th quarter. Sterling Capital Management LLC now owns 36,052 shares of the basic materials company's stock valued at $15,094,000 after purchasing an additional 31,912 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Linde Trading Up 0.3%

NASDAQ LIN traded up $1.57 during trading on Tuesday, hitting $468.97. The company had a trading volume of 615,460 shares, compared to its average volume of 2,114,865. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company's fifty day moving average is $467.32 and its 200-day moving average is $458.15. The company has a market cap of $220.75 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 3.25 and a beta of 0.92. Linde PLC has a one year low of $408.65 and a one year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $3.85 EPS. On average, sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 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 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio is currently 42.67%.

Analyst Ratings Changes

A number of brokerages recently weighed in on LIN. Argus raised shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday. UBS Group boosted their price target on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada began coverage on shares of Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. Finally, Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and boosted their price target for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $518.30.

Insider Buying and Selling

In other news, VP David P. Strauss sold 1,987 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the transaction, the vice president owned 22,639 shares of the company's stock, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their ownership of the stock. The transaction 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 the business's stock in a transaction on Thursday, May 22nd. The stock was 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 directly owned 8,151 shares in the company, valued at $3,720,279.42. This trade 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 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.