Vontobel Holding Ltd. Sells 1,539 Shares of Linde PLC (NASDAQ:LIN)

Vontobel Holding Ltd. trimmed its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 302,233 shares of the basic materials company's stock after selling 1,539 shares during the quarter. Vontobel Holding Ltd. owned 0.06% of Linde worth $140,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC acquired a new position in Linde in the 4th quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC increased its position in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after purchasing an additional 96 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Linde by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock valued at $28,662,000 after purchasing an additional 1,876 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Linde by 5.1% in the fourth quarter. Fisher Asset Management LLC now owns 1,652 shares of the basic materials company's stock valued at $692,000 after purchasing an additional 80 shares in the last quarter. Finally, Maia Wealth LLC lifted its position in Linde by 13.0% in the fourth quarter. Maia Wealth LLC now owns 496 shares of the basic materials company's stock worth $218,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Insiders Place Their Bets

In other news, VP David P. Strauss sold 1,987 shares of the firm's stock in a transaction 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 sale, the vice president directly owned 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the transaction, the vice president 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 disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LIN. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and boosted their price target for the company from $500.00 to $535.00 in a report on Monday. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Argus upgraded shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Two equities 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 data from MarketBeat, Linde has a consensus rating of "Buy" and an average target price of $515.90.

Linde Price Performance

LIN stock traded up $7.57 during trading on Tuesday, hitting $476.75. 1,818,801 shares of the stock traded hands, compared to its average volume of 1,971,620. The stock has a market cap of $224.42 billion, a price-to-earnings ratio of 34.62, a P/E/G ratio of 3.27 and a beta of 0.97. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. The company has a 50 day simple moving average of $459.44 and a 200 day simple moving average of $450.01.

Linde (NASDAQ:LIN - Get Free Report) last posted 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. The company had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The company's revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $3.75 earnings per share. Equities analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde's dividend payout ratio is currently 43.57%.

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.