Parr Mcknight Wealth Management Group LLC Decreases Position in Linde PLC (NASDAQ:LIN)

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 the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,382 shares of the basic materials company's stock after selling 659 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in Linde were worth $4,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Linde during the 4th quarter worth approximately $2,901,853,000. Freemont Capital Pte Ltd acquired a new position in shares of Linde during the 4th quarter worth approximately $2,128,233,000. GAMMA Investing LLC raised its stake in shares of Linde by 58,312.0% during the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock worth $1,590,596,000 after buying an additional 3,410,087 shares during the period. Capital World Investors raised its stake in shares of Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock worth $4,834,631,000 after buying an additional 2,957,604 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Linde during the 4th quarter worth approximately $468,360,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of Linde stock traded down $1.68 during trading on Friday, reaching $468.66. The company's stock had a trading volume of 700,914 shares, compared to its average volume of 1,970,694. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The company has a market capitalization of $220.61 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.96. The business has a 50 day moving average price of $463.17 and a 200-day moving average price of $452.35.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating 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 period in the previous year, the business 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, sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.28%. Linde's dividend payout ratio (DPR) is presently 43.57%.

Wall Street Analyst Weigh In

LIN has been the subject of several research analyst reports. UBS Group upped their target price on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research note on Wednesday. Royal Bank Of Canada initiated coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. Argus raised Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Citigroup raised 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 note on Monday, June 30th. Finally, Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Two 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $518.80.

Insider Buying and Selling

In other Linde news, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction 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 sale, 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 ownership of the stock. The transaction 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 business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the sale, the vice president owned 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. 0.70% of the stock is owned by 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.