Vise Technologies Inc. Buys 3,600 Shares of Linde plc (NASDAQ:LIN)

Vise Technologies Inc. boosted its holdings in Linde plc (NASDAQ:LIN - Free Report) by 127.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,435 shares of the basic materials company's stock after acquiring an additional 3,600 shares during the quarter. Vise Technologies Inc.'s holdings in Linde were worth $2,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LIN. Wrapmanager Inc. increased its position in shares of Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock worth $709,000 after acquiring an additional 22 shares in the last quarter. Knuff & Co LLC increased its position in shares of Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock worth $114,000 after acquiring an additional 22 shares in the last quarter. New Age Alpha Advisors LLC increased its position 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 worth $36,000 after acquiring an additional 22 shares in the last quarter. Concord Asset Management LLC VA increased its position in shares of Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock worth $1,999,000 after acquiring an additional 23 shares in the last quarter. Finally, Fourpath Capital Management LLC increased its position in shares of Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock worth $1,732,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of Linde stock opened at $459.00 on Friday. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $451.31 and a two-hundred day simple moving average of $447.70. The stock has a market capitalization of $216.06 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00.

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

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde's dividend payout ratio is currently 43.57%.

Insider Buying and Selling at Linde

In other Linde news, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares of the company's stock, valued at $610,662. This trade represents a 65.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Argus upgraded shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Linde has an average rating of "Moderate Buy" and an average 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.

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