San Luis Wealth Advisors LLC Sells 79 Shares of Linde plc (NASDAQ:LIN)

San Luis Wealth Advisors LLC lowered its stake in Linde plc (NASDAQ:LIN) by 3.6% in the first quarter, Holdings Channel reports. The fund owned 2,132 shares of the basic materials company’s stock after selling 79 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Linde were worth $993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LIN. Wrapmanager Inc. grew 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 valued at $709,000 after purchasing an additional 22 shares in the last quarter. Knuff & Co LLC boosted its stake in Linde by 8.8% during the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock valued at $114,000 after buying an additional 22 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock valued at $36,000 after buying an additional 22 shares in the last quarter. Austin Wealth Management LLC increased its stake in Linde by 5.3% in the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company’s stock worth $209,000 after acquiring an additional 24 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in shares of Linde by 0.8% during the 4th quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company’s stock worth $1,305,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 7,261 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the completion of the sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $908,138.48. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on LIN. Argus raised shares of Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, Royal Bank of Canada assumed coverage on Linde in a research note on Friday. They set an “outperform” rating and a $576.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.40.

Linde Trading Up 0.1%

Shares of NASDAQ LIN opened at $466.60 on Tuesday. Linde plc has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a market cap of $219.64 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 3.08 and a beta of 0.97. The business’s 50 day moving average price is $456.33 and its 200-day moving average price is $449.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The firm had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. During the same quarter last year, the firm posted $3.75 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.29%. Linde’s dividend payout ratio is presently 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.