Linde plc (NASDAQ:LIN) Shares Sold by Park Edge Advisors LLC

Park Edge Advisors LLC cut its stake in Linde plc (NASDAQ:LIN) by 56.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 762 shares of the basic materials company’s stock after selling 1,001 shares during the quarter. Park Edge Advisors LLC’s holdings in Linde were worth $355,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. boosted its position in shares of Linde by 1,160.0% during 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 during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the fourth quarter valued at $28,000. Putney Financial Group LLC purchased a new stake in Linde during the 4th quarter worth about $31,000. Dunhill Financial LLC purchased a new position in shares of Linde in the 4th quarter valued at about $34,000. Finally, New Age Alpha Advisors LLC increased its stake 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 buying an additional 22 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, VP Sean Durbin sold 7,261 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the transaction, the vice president now owns 8,151 shares in the company, valued at $3,720,279.42. This trade represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 22,639 shares in the company, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LIN. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Argus upgraded Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $503.11.

Linde Stock Performance

Shares of LIN stock opened at $471.82 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $451.99 and a 200-day simple moving average of $448.03. The company has a market cap of $222.10 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. Linde plc has a 12-month low of $408.65 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last released 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. Linde had a return on equity of 18.71% and a net margin of 19.89%. The company had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the company earned $3.75 earnings per share. Linde’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that Linde plc will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.27%. Linde’s 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.