Linde PLC (NASDAQ:LIN) Stake Lessened by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC lowered its position in Linde PLC (NASDAQ:LIN - Free Report) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,382 shares of the basic materials company's stock after selling 659 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Linde were worth $4,834,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Linde in the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC raised its stake in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after purchasing an additional 96 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Linde by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock valued at $28,662,000 after purchasing an additional 1,876 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Linde by 35.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,623 shares of the basic materials company's stock valued at $1,098,000 after purchasing an additional 682 shares in the last quarter. Finally, Avantax Planning Partners Inc. raised its stake in shares of Linde by 3.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,224 shares of the basic materials company's stock valued at $1,350,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Performance

Shares of NASDAQ:LIN traded down $1.53 during trading hours on Friday, hitting $468.81. The stock had a trading volume of 1,326,438 shares, compared to its average volume of 1,975,504. The stock's fifty day simple moving average is $463.44 and its 200 day simple moving average is $452.65. 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 $220.68 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 3.32 and a beta of 0.96. 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 (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS 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 company had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. During the same quarter last year, the business earned $3.75 earnings per share. Linde's revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $1.50 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.28%. Linde's payout ratio is currently 43.57%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Linde

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

Linde Company 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.