Linde PLC (NASDAQ:LIN) Shares Sold by Mattern Wealth Management LLC

Mattern Wealth Management LLC cut its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 17.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,651 shares of the basic materials company's stock after selling 555 shares during the period. Mattern Wealth Management LLC's holdings in Linde were worth $1,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors lifted its stake in shares of Linde by 34.4% in the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock worth $4,834,631,000 after acquiring an additional 2,957,604 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 worth $4,598,551,000 after purchasing an additional 30,750 shares during the last quarter. Capital Research Global Investors raised its position in shares of Linde by 6.4% in 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 purchasing an additional 554,480 shares in the last quarter. Norges Bank purchased a new position in shares of Linde during the 4th quarter valued at approximately $2,901,853,000. Finally, Freemont Capital Pte Ltd purchased a new position in shares of Linde during the 4th quarter valued at approximately $2,128,233,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $463.16 on Wednesday. The company has a market cap of $218.02 billion, a PE ratio of 33.64, a P/E/G ratio of 3.24 and a beta of 0.97. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The firm has a 50-day simple moving average of $458.21 and a 200 day simple moving average of $449.28. 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 issued its earnings results 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 during the quarter, compared to the consensus estimate of $8.24 billion. Linde had a return on equity of 18.95% and a net margin of 20.02%. Linde's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.75 earnings per share. On average, sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde's dividend payout ratio is presently 43.57%.

Analyst Ratings Changes

LIN has been the topic of several recent analyst reports. Argus raised shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price for the company. Finally, Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $510.40.

Insider Buying and Selling at Linde

In other news, VP Sean Durbin sold 7,261 shares of Linde 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 owns 8,151 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the company's 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 completion of the sale, the vice president now directly owns 22,639 shares of the company's stock, valued at $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 currently owned by company insiders.

About Linde

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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