Tyche Wealth Partners LLC Raises Stake in Linde PLC (NASDAQ:LIN)

Tyche Wealth Partners LLC raised its stake in Linde PLC (NASDAQ:LIN - Free Report) by 100.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,373 shares of the basic materials company's stock after purchasing an additional 689 shares during the quarter. Tyche Wealth Partners LLC's holdings in Linde were worth $639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rakuten Securities Inc. raised its holdings in shares of Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 58 shares in the last quarter. Putney Financial Group LLC purchased a new stake in Linde in the fourth quarter worth $31,000. Dunhill Financial LLC purchased a new stake in shares of Linde in the fourth quarter worth $34,000. New Age Alpha Advisors LLC grew its stake in shares of Linde by 34.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after acquiring an additional 22 shares during the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Linde in the fourth quarter worth $37,000. Institutional investors own 82.80% of the company's stock.

Insider Buying and Selling at Linde

In other news, 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 value 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. The trade was a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean Durbin sold 7,261 shares of the business's 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 owns 8,151 shares of the company's stock, valued at approximately $3,720,279.42. The trade was a 47.11% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Linde Stock Up 0.7%

NASDAQ LIN opened at $463.16 on Wednesday. The stock's 50-day moving average price is $458.21 and its 200-day moving average price is $449.28. 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 52 week low of $408.65 and a 52 week high of $487.49. The company has a market capitalization of $218.02 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 3.24 and a beta of 0.97.

Linde (NASDAQ:LIN - Get Free Report) last issued its 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. The company had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. Linde had a return on equity of 18.95% and a net margin of 20.02%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $3.75 EPS. On average, equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde's dividend payout ratio is presently 43.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Argus raised Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Royal Bank Of Canada initiated coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective on the stock. Finally, Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $510.40.

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.

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