Linde PLC (NASDAQ:LIN) Shares Purchased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC grew its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 246,512 shares of the basic materials company's stock after purchasing an additional 13,629 shares during the quarter. Linde makes up about 1.7% of Bartlett & CO. Wealth Management LLC's holdings, making the stock its 14th biggest position. Bartlett & CO. Wealth Management LLC owned 0.05% of Linde worth $114,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC acquired a new position in shares of Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC grew its position in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after purchasing an additional 96 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in Linde by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock valued at $28,662,000 after purchasing an additional 1,876 shares during the period. IFP Advisors Inc raised its holdings in shares of Linde by 2.7% in the fourth quarter. IFP Advisors Inc now owns 3,183 shares of the basic materials company's stock valued at $1,333,000 after buying an additional 83 shares during the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Linde in the fourth quarter valued at about $265,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Activity

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 value 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. The trade was a 47.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the sale, the vice president now directly owns 22,639 shares in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LIN has been the topic of a number of research reports. Argus raised Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Royal Bank Of Canada initiated coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Finally, Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Linde presently has a consensus rating of "Moderate Buy" and an average price target of $510.40.

Linde Price Performance

Shares of LIN stock opened at $464.46 on Friday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $218.63 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.25 and a beta of 0.97. The firm has a fifty day simple moving average of $458.70 and a 200-day simple moving average of $449.50.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a return on equity of 18.95% and a net margin of 20.02%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.75 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.29%. Linde's dividend payout ratio (DPR) is presently 43.57%.

Linde Company 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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