S.E.E.D. Planning Group LLC Boosts Holdings in Linde plc (NASDAQ:LIN)

S.E.E.D. Planning Group LLC grew its holdings in Linde plc (NASDAQ:LIN - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,455 shares of the basic materials company's stock after purchasing an additional 1,017 shares during the quarter. Linde accounts for about 2.3% of S.E.E.D. Planning Group LLC's holdings, making the stock its 17th biggest holding. S.E.E.D. Planning Group LLC's holdings in Linde were worth $6,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Linde in the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC lifted its stake in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after acquiring an additional 96 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in Linde by 53.6% in the fourth quarter. Perigon Wealth Management LLC now owns 6,571 shares of the basic materials company's stock worth $2,842,000 after acquiring an additional 2,292 shares during the last quarter. Asset Dedication LLC lifted its stake in Linde by 3.5% in the fourth quarter. Asset Dedication LLC now owns 2,659 shares of the basic materials company's stock worth $1,113,000 after acquiring an additional 91 shares during the last quarter. Finally, Strategic Blueprint LLC lifted its stake in Linde by 5.7% in the fourth quarter. Strategic Blueprint LLC now owns 2,507 shares of the basic materials company's stock worth $1,050,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Activity

In other news, VP Sean Durbin sold 7,261 shares of Linde 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 transaction, the vice president now directly owns 8,151 shares of the company's stock, valued at $3,720,279.42. The trade was a 47.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the transaction, the vice president now owns 22,639 shares in the company, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,725 shares of company stock valued at $5,385,750 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

Linde Stock Up 0.1%

LIN stock traded up $0.32 during midday trading on Friday, reaching $464.40. 4,344,668 shares of the company were exchanged, compared to its average volume of 1,962,702. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49. The stock's 50-day simple moving average is $451.78 and its 200 day simple moving average is $447.80. The company has a market cap of $218.60 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $3.75 EPS. On average, equities analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Argus raised shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $503.11.

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.