Linde PLC (NASDAQ:LIN) Shares Bought by Freedom Day Solutions LLC

Freedom Day Solutions LLC boosted its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 9.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,102 shares of the basic materials company's stock after purchasing an additional 535 shares during the period. Freedom Day Solutions LLC's holdings in Linde were worth $2,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new position in shares of Linde during the 1st quarter worth about $25,000. Rakuten Securities Inc. grew its stake in Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 58 shares in the last quarter. Putney Financial Group LLC purchased a new stake in Linde during the 4th quarter valued at about $31,000. Dunhill Financial LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $34,000. Finally, New Age Alpha Advisors LLC increased its holdings in shares of Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after buying an additional 22 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Down 0.2%

NASDAQ LIN opened at $470.34 on Friday. 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 $221.40 billion, a PE ratio of 34.16, a P/E/G ratio of 3.32 and a beta of 0.96. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The firm's fifty day moving average is $463.17 and its two-hundred day moving average is $452.35.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. The company 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%. Linde's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $3.75 earnings per share. Analysts expect 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 was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.28%. Linde's payout ratio is currently 43.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. UBS Group raised their price target on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their price target for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Finally, Argus upgraded shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Linde currently has a consensus rating of "Buy" and an average price target of $518.80.

Insider Transactions at Linde

In related news, VP Sean Durbin sold 7,261 shares of the firm's stock in a transaction dated 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 owned 8,151 shares in the company, valued at $3,720,279.42. This trade represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 1,987 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company 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.

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