Praxis Investment Management Inc. Has $9.01 Million Holdings in Linde PLC (NASDAQ:LIN)

Praxis Investment Management Inc. lessened its stake in shares of Linde PLC (NASDAQ:LIN) by 10.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,344 shares of the basic materials company’s stock after selling 2,300 shares during the quarter. Linde accounts for about 0.6% of Praxis Investment Management Inc.’s investment portfolio, making the stock its 26th largest position. Praxis Investment Management Inc.’s holdings in Linde were worth $9,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of LIN. Wrapmanager Inc. raised its stake in Linde by 1.3% in the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock valued at $709,000 after buying an additional 22 shares during the period. Knuff & Co LLC raised its stake in Linde by 8.8% in 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 period. New Age Alpha Advisors LLC raised its stake in Linde by 34.9% in the fourth 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 during the period. Austin Wealth Management LLC raised its stake in Linde by 5.3% in the fourth quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company’s stock valued at $209,000 after buying an additional 24 shares during the period. Finally, Personal CFO Solutions LLC raised its stake in Linde by 0.8% in the fourth quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company’s stock valued at $1,305,000 after buying an additional 25 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde 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 sale, the vice president now owns 22,639 shares of the company’s stock, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sean Durbin sold 7,261 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were 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 directly owns 8,151 shares in the company, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of several research analyst reports. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Finally, Argus raised Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average target price of $510.40.

Linde Trading Down 0.6%

Shares of NASDAQ:LIN opened at $455.86 on Friday. The company has a market capitalization of $214.58 billion, a P/E ratio of 33.11, a P/E/G ratio of 3.24 and a beta of 0.97. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80. The business’s 50 day simple moving average is $457.70 and its 200 day simple moving average is $449.17.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating analysts’ consensus estimates of $3.92 by $0.03. The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. Linde had a return on equity of 18.95% and a net margin of 20.02%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $3.75 EPS. On average, research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Wednesday, June 4th. Linde’s dividend payout ratio is presently 43.57%.

About Linde

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.