Cwm LLC Has $5.21 Million Stake in Linde PLC (NASDAQ:LIN)

CWM LLC increased its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,184 shares of the basic materials company's stock after purchasing an additional 758 shares during the period. CWM LLC's holdings in Linde were worth $5,208,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of Linde during the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC increased its holdings in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after buying an additional 96 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Linde by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock worth $28,662,000 after buying an additional 1,876 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Linde by 35.1% during the fourth quarter. Proficio Capital Partners LLC now owns 2,623 shares of the basic materials company's stock worth $1,098,000 after buying an additional 682 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its holdings in shares of Linde by 80.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company's stock worth $943,000 after buying an additional 1,004 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Insiders Place Their Bets

In other news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the transaction, the vice president directly owned 22,639 shares of the company's stock, valued at $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sean Durbin sold 7,261 shares of Linde 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 transaction, the vice president directly owned 8,151 shares in the company, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Linde Trading Up 0.8%

LIN stock traded up $3.72 during midday trading on Friday, reaching $465.01. The company's stock had a trading volume of 2,261,964 shares, compared to its average volume of 1,973,318. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The stock has a market cap of $218.89 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 3.24 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. The business's 50-day simple moving average is $464.40 and its 200-day simple moving average is $453.75.

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 company had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $3.75 earnings per share. As a group, sell-side analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.29%. Linde's dividend payout ratio is 43.57%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and increased their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Argus raised shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $518.80.

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.