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

Freedom Day Solutions LLC lifted its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,102 shares of the basic materials company's stock after acquiring an additional 535 shares during the period. Freedom Day Solutions LLC's holdings in Linde were worth $2,841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. North Capital Inc. acquired a new position in Linde during the first quarter worth approximately $25,000. Rakuten Securities Inc. increased its position in Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after buying an additional 58 shares during the period. Putney Financial Group LLC acquired a new position in Linde during the fourth quarter worth approximately $31,000. Dunhill Financial LLC purchased a new position in shares of Linde in the 4th quarter valued at approximately $34,000. Finally, New Age Alpha Advisors LLC raised its stake in shares of Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Activity

In related news, VP David P. Strauss sold 1,987 shares of the business'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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction dated 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 directly owned 8,151 shares of the company's stock, 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. Insiders own 0.70% of the company's stock.

Linde Price Performance

Shares of Linde stock traded down $0.03 on Monday, hitting $468.78. The company's stock had a trading volume of 1,133,040 shares, compared to its average volume of 1,972,661. The firm has a fifty day moving average price of $463.44 and a 200-day moving average price of $453.04. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The company has a market capitalization of $220.66 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96. 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 announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter in the previous year, the company posted $3.75 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, June 4th. Linde's payout ratio is 43.57%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of analyst reports. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $500.00 to $535.00 in a research report on Monday, June 30th. UBS Group lifted their price objective 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. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Royal Bank Of Canada initiated coverage on shares of Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Finally, Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $518.80.

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.