Signal Advisors Wealth LLC Has $1.52 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Signal Advisors Wealth LLC grew its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,258 shares of the basic materials company's stock after buying an additional 589 shares during the quarter. Signal Advisors Wealth LLC's holdings in Linde were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Capital World Investors lifted its holdings in shares of Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock valued at $4,834,631,000 after buying an additional 2,957,604 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company's stock valued at $4,598,551,000 after buying an additional 30,750 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Linde by 6.4% during the 4th quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company's stock valued at $3,857,741,000 after buying an additional 554,480 shares during the last quarter. Norges Bank acquired a new stake in shares of Linde during the 4th quarter valued at about $2,901,853,000. Finally, Freemont Capital Pte Ltd acquired a new stake in Linde in the 4th quarter worth approximately $2,128,233,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other news, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction that occurred 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 sale, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,720,279.42. The trade was a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the business's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LIN shares. Argus upgraded 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 report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $503.11.

Linde Stock Performance

Shares of LIN stock traded down $0.54 during trading hours on Monday, reaching $472.17. 1,616,027 shares of the company's stock were exchanged, compared to its average volume of 1,964,278. Linde plc has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The stock has a market capitalization of $222.26 billion, a P/E ratio of 34.69, a P/E/G ratio of 3.08 and a beta of 0.97. The business has a fifty day moving average price of $452.54 and a 200-day moving average price of $448.63. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The company had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. During the same period in the previous year, the company earned $3.75 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.27%. Linde's dividend payout ratio (DPR) is presently 43.57%.

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.