Linde plc (NASDAQ:LIN) Shares Purchased by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC boosted its stake in Linde plc (NASDAQ:LIN) by 2.5% in the first quarter, Holdings Channel reports. The fund owned 6,776 shares of the basic materials company’s stock after buying an additional 163 shares during the quarter. Petredis Investment Advisors LLC’s holdings in Linde were worth $3,155,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 58 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Linde in the fourth quarter valued at $28,000. Putney Financial Group LLC acquired a new position in Linde during the 4th quarter worth $31,000. Dunhill Financial LLC bought a new stake in shares of Linde in the 4th quarter worth about $34,000. Finally, New Age Alpha Advisors LLC raised its stake in shares of Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds 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 company’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 sale, the vice president now owns 8,151 shares in the company, valued at $3,720,279.42. This 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 this link. Also, VP David P. Strauss sold 1,987 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 22,639 shares in the company, valued at $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 owned by corporate insiders.

Wall Street Analyst Weigh In

LIN has been the topic of several research reports. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Argus raised shares of Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.11.

Linde Trading Down 0.1%

Linde stock opened at $472.17 on Tuesday. Linde plc has a 52-week low of $408.65 and a 52-week 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 firm has a market capitalization of $222.26 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 3.08 and a beta of 0.97. The firm has a 50-day moving average price of $452.54 and a two-hundred day moving average price of $448.63.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.71% and a net margin of 19.89%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.75 EPS. Sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.27%. Linde’s dividend payout ratio is presently 43.57%.

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.