Roundview Capital LLC Has $1.77 Million Stock Holdings in Linde PLC (NASDAQ:LIN)

Roundview Capital LLC increased its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 54.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,795 shares of the basic materials company's stock after buying an additional 1,331 shares during the period. Roundview Capital LLC's holdings in Linde were worth $1,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC lifted its stake in Linde by 34.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 22 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in Linde by 2.5% in the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock valued at $450,000 after acquiring an additional 24 shares during the last quarter. IFP Advisors Inc lifted its stake in Linde by 0.8% in the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock valued at $1,493,000 after acquiring an additional 24 shares during the last quarter. Rockingstone Advisors LLC lifted its stake in Linde by 0.3% in the first quarter. Rockingstone Advisors LLC now owns 8,340 shares of the basic materials company's stock valued at $3,883,000 after acquiring an additional 25 shares during the last quarter. Finally, Trifecta Capital Advisors LLC lifted its stake in shares of Linde by 20.2% during the 1st quarter. Trifecta Capital Advisors LLC now owns 149 shares of the basic materials company's stock worth $69,000 after buying an additional 25 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

NASDAQ:LIN traded up $1.50 during mid-day trading on Thursday, reaching $471.49. 1,381,718 shares of the company's stock were exchanged, compared to its average volume of 1,577,209. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The firm has a market capitalization of $221.94 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 3.32 and a beta of 0.96. The business's fifty day simple moving average is $466.22 and its two-hundred day simple moving average is $455.62. 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 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 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 the consensus estimate of $8.24 billion. During the same period last year, the company posted $3.75 EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. Analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders 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 1.27%. Linde's payout ratio is currently 43.57%.

Insider Buying and Selling

In other news, VP Sean Durbin sold 7,261 shares of the firm's stock in a transaction that occurred 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 sale, the vice president directly owned 8,151 shares in the company, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction that occurred on Friday, May 16th. The stock was 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 in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Linde

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.