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Spire Wealth Management Has $7.69 Million Holdings in Linde PLC (NASDAQ:LIN)

Linde logo with Basic Materials background

Spire Wealth Management reduced its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 12.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,512 shares of the basic materials company's stock after selling 2,304 shares during the quarter. Spire Wealth Management's holdings in Linde were worth $7,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LIN. Rakuten Securities Inc. increased its stake in Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Putney Financial Group LLC acquired a new position in shares of Linde in the fourth quarter worth about $31,000. Dunhill Financial LLC purchased a new position in shares of Linde in the fourth quarter worth approximately $34,000. New Age Alpha Advisors LLC raised its holdings in shares of Linde by 34.9% during 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 period. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Linde during the fourth quarter valued at approximately $37,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIN has been the subject of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Argus raised Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Linde has a consensus rating of "Moderate Buy" and an average price target of $510.40.

Get Our Latest Report on Linde

Insider Activity at Linde

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

Linde Stock Down 0.1%

NASDAQ LIN traded down $0.67 on Friday, reaching $463.79. The stock had a trading volume of 2,634,344 shares, compared to its average volume of 1,974,537. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The business has a 50 day moving average price of $458.94 and a 200 day moving average price of $449.63. The company has a market capitalization of $218.32 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 3.28 and a beta of 0.97.

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 the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.95% and a net margin of 20.02%. The business had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. During the same period in the previous year, the company earned $3.75 EPS. The firm's revenue was up .1% on a year-over-year basis. On average, analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.29%. Linde's dividend payout ratio (DPR) is 43.57%.

Linde Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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