Linde PLC (NASDAQ:LIN) Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 33.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,473 shares of the basic materials company's stock after selling 733 shares during the quarter. Park Place Capital Corp's holdings in Linde were worth $686,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. increased its holdings in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Putney Financial Group LLC acquired a new position in Linde during the fourth quarter worth about $31,000. Dunhill Financial LLC purchased a new position in Linde in the fourth quarter valued at about $34,000. New Age Alpha Advisors LLC lifted its position in shares of Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 22 shares during the period. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Linde during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Up 0.9%

Shares of NASDAQ:LIN opened at $464.46 on Friday. 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 company has a market capitalization of $218.63 billion, a P/E ratio of 33.73, a P/E/G ratio of 3.25 and a beta of 0.97. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The stock's fifty day simple moving average is $458.70 and its 200-day simple moving average is $449.50.

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. As a group, equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 yield of 1.29%. Linde's dividend payout ratio (DPR) is currently 43.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LIN shares. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Royal Bank Of Canada began coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Finally, Argus upgraded Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $510.40.

Insider Buying and Selling

In other news, VP Sean Durbin sold 7,261 shares of the 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 now directly owns 8,151 shares in the company, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David P. Strauss sold 1,987 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $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. 0.70% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.