Linde PLC (NASDAQ:LIN) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lowered its stake in Linde PLC (NASDAQ:LIN) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,151 shares of the basic materials company’s stock after selling 116 shares during the period. Valeo Financial Advisors LLC’s holdings in Linde were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of Linde during the 4th quarter worth about $2,752,000. Revolve Wealth Partners LLC raised its position in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Linde by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company’s stock worth $28,662,000 after acquiring an additional 1,876 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Linde by 35.1% during the 4th quarter. Proficio Capital Partners LLC now owns 2,623 shares of the basic materials company’s stock worth $1,098,000 after acquiring an additional 682 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in shares of Linde by 6.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 10,613 shares of the basic materials company’s stock worth $4,444,000 after acquiring an additional 652 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 0.1%

Shares of LIN stock opened at $469.95 on Wednesday. The business’s 50 day moving average is $462.36 and its two-hundred day moving average is $451.89. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a market capitalization of $221.22 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45.

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

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.28%. Linde’s dividend payout ratio (DPR) is currently 43.57%.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction that occurred 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 transaction, the vice president directly 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 sale was disclosed in a document filed 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 shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the transaction, the vice president owned 22,639 shares in the company, valued at $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada assumed coverage on 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 upgraded Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and raised their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, Argus upgraded Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $515.90.

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.