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Linde PLC (NASDAQ:LIN) Shares Bought by Marietta Wealth Management LLC

Linde logo with Basic Materials background

Marietta Wealth Management LLC grew its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,839 shares of the basic materials company's stock after purchasing an additional 627 shares during the quarter. Linde makes up 1.6% of Marietta Wealth Management LLC's investment portfolio, making the stock its 21st largest holding. Marietta Wealth Management LLC's holdings in Linde were worth $10,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina increased its holdings in shares of Linde by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company's stock worth $88,505,000 after purchasing an additional 1,320 shares during the period. Markel Group Inc. lifted its holdings in shares of Linde by 8.4% during the 4th quarter. Markel Group Inc. now owns 168,000 shares of the basic materials company's stock worth $70,337,000 after acquiring an additional 13,000 shares during the last quarter. Prosperity Consulting Group LLC increased its stake in Linde by 4.5% in the fourth quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company's stock valued at $3,261,000 after acquiring an additional 332 shares during the last quarter. Arizona State Retirement System raised its position in Linde by 0.5% during the fourth quarter. Arizona State Retirement System now owns 138,500 shares of the basic materials company's stock valued at $57,986,000 after purchasing an additional 676 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in Linde by 300.3% in the fourth quarter. Jump Financial LLC now owns 26,150 shares of the basic materials company's stock worth $10,948,000 after buying an additional 19,618 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In other news, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction on 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 now directly owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 1,987 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the transaction, the vice president now directly owns 22,639 shares in the company, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Linde Stock Up 0.7%

Shares of LIN traded up $3.41 during midday trading on Tuesday, hitting $463.16. The company had a trading volume of 1,470,611 shares, compared to its average volume of 1,965,077. The company's 50-day simple moving average is $457.97 and its 200-day simple moving average is $449.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The firm has a market capitalization of $218.02 billion, a P/E ratio of 33.64, a P/E/G ratio of 3.22 and a beta of 0.97.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (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 firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the business posted $3.75 EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on LIN. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Royal Bank Of Canada initiated coverage on Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Linde has an average rating of "Moderate Buy" and an average target price of $510.40.

Check Out Our Latest Research Report on LIN

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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