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Dakota Wealth Management Sells 716 Shares of Linde PLC (NASDAQ:LIN)

Linde logo with Basic Materials background

Dakota Wealth Management trimmed its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,024 shares of the basic materials company's stock after selling 716 shares during the quarter. Dakota Wealth Management's holdings in Linde were worth $1,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LIN. North Capital Inc. bought a new stake in Linde during the 1st quarter worth $25,000. Putney Financial Group LLC bought a new stake in Linde during the fourth quarter worth $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 grew its stake 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 worth $36,000 after acquiring an additional 22 shares during the period. Finally, Capital A Wealth Management LLC bought a new stake in Linde during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup raised Linde from a "neutral" rating to a "buy" rating and increased their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. UBS Group lifted their target price on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Argus upgraded shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Royal Bank Of Canada began coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Finally, Sanford C. Bernstein raised 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 given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $518.80.

Read Our Latest Report on LIN

Linde Price Performance

Shares of NASDAQ:LIN traded down $0.89 on Wednesday, hitting $459.67. The company had a trading volume of 1,437,985 shares, compared to its average volume of 1,970,501. The company has a market cap of $216.38 billion, a PE ratio of 33.38, a PEG ratio of 3.31 and a beta of 0.96. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The business has a 50 day moving average of $464.04 and a 200 day moving average of $453.41.

Linde (NASDAQ:LIN - Get Free Report) last posted 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 18.95% and a net margin of 20.02%. The business had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same period last year, the firm earned $3.75 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.31%. Linde's payout ratio is 43.57%.

Insiders Place Their Bets

In other Linde news, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the transaction, the vice president directly owned 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the company's 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 sale, the vice president owned 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.

Linde Profile

(Free Report)

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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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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