Parcion Private Wealth LLC Boosts Holdings in Linde PLC (NASDAQ:LIN)

Parcion Private Wealth LLC increased its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,685 shares of the basic materials company's stock after purchasing an additional 804 shares during the period. Parcion Private Wealth LLC's holdings in Linde were worth $7,769,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. North Capital Inc. purchased a new stake in Linde during the 1st quarter valued at $25,000. Putney Financial Group LLC bought a new position in Linde in the 4th quarter worth $31,000. Dunhill Financial LLC bought a new position in shares of Linde in the 4th quarter worth about $34,000. New Age Alpha Advisors LLC increased its stake in shares of Linde by 34.9% in 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 in the last quarter. Finally, Abound Financial LLC bought a new position in shares of Linde in the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Shares of NASDAQ LIN traded up $3.72 during trading on Friday, reaching $465.01. 2,267,610 shares of the company traded hands, compared to its average volume of 1,975,400. The firm has a 50 day simple moving average of $464.65 and a 200-day simple moving average of $454.07. 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 stock has a market capitalization of $218.89 billion, a PE ratio of 33.77, a P/E/G ratio of 3.25 and a beta of 0.96. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $3.75 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Wednesday, June 4th. Linde's payout ratio is 43.57%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, VP David P. Strauss sold 1,987 shares of the firm'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 transaction, the vice president owned 22,639 shares of the company's stock, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Sean Durbin sold 7,261 shares of the firm's 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 completion of the transaction, the vice president directly owned 8,151 shares in the company, valued at approximately $3,720,279.42. The trade was a 47.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

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.