Linde PLC $LIN Shares Sold by Venture Visionary Partners LLC
by Teresa Graham · The Cerbat GemVenture Visionary Partners LLC decreased its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 74.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,067 shares of the basic materials company’s stock after selling 80,893 shares during the period. Venture Visionary Partners LLC’s holdings in Linde were worth $13,069,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in LIN. Strategy Asset Managers LLC raised its holdings in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 23 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in Linde by 2.5% during the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 24 shares in the last quarter. IFP Advisors Inc raised its holdings in Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock worth $1,493,000 after purchasing an additional 24 shares in the last quarter. Richards Merrill & Peterson Inc. raised its holdings in Linde by 3.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 24 shares in the last quarter. Finally, Rockingstone Advisors LLC raised its holdings in Linde by 0.3% during the first quarter. Rockingstone Advisors LLC now owns 8,340 shares of the basic materials company’s stock worth $3,883,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Insider Buying and Selling
In related news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sean Durbin sold 7,261 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the sale, the vice president 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 disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Analyst Upgrades and Downgrades
LIN has been the subject of a number of research analyst reports. Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and increased their target price for the company from $500.00 to $535.00 in a report on Monday, June 30th. JPMorgan Chase & Co. increased their target price on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group increased their target price on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada initiated coverage on shares of Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price for the company. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Linde currently has an average rating of “Buy” and a consensus price target of $519.63.
Get Our Latest Stock Analysis on LIN
Linde Trading Down 0.3%
Shares of LIN opened at $478.51 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The firm has a 50 day simple moving average of $468.41 and a 200-day simple moving average of $460.47. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The stock has a market cap of $224.38 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92.
Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period last year, the company posted $3.85 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Equities analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.
Linde Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. Linde’s dividend payout ratio (DPR) is 42.67%.
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.
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