Xponance Inc. Purchases 1,219 Shares of Linde PLC (NASDAQ:LIN)

by · The Markets Daily

Xponance Inc. increased its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 1.7% during the 1st quarter, Holdings Channel reports. The firm owned 72,004 shares of the basic materials company’s stock after purchasing an additional 1,219 shares during the quarter. Xponance Inc.’s holdings in Linde were worth $33,528,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Treasurer of the State of North Carolina grew its position in Linde by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company’s stock valued at $88,505,000 after buying an additional 1,320 shares during the period. Prosperity Consulting Group LLC boosted its stake in Linde by 4.5% in the fourth quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company’s stock valued at $3,261,000 after acquiring an additional 332 shares during the last quarter. Jump Financial LLC boosted its stake in Linde by 300.3% in the fourth quarter. Jump Financial LLC now owns 26,150 shares of the basic materials company’s stock valued at $10,948,000 after acquiring an additional 19,618 shares during the last quarter. Groupama Asset Managment grew its position in shares of Linde by 23.0% during the 4th quarter. Groupama Asset Managment now owns 22,235 shares of the basic materials company’s stock valued at $9,287,000 after acquiring an additional 4,162 shares during the period. Finally, Taurus Asset Management LLC increased its stake in shares of Linde by 0.9% during the 4th quarter. Taurus Asset Management LLC now owns 55,009 shares of the basic materials company’s stock worth $23,031,000 after purchasing an additional 484 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Linde

In related news, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction 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 completion of the sale, the vice president owned 8,151 shares of the company’s stock, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the transaction, the vice president owned 22,639 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Down 0.2%

Shares of NASDAQ LIN opened at $470.34 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. The company has a market cap of $221.40 billion, a P/E ratio of 34.16, a P/E/G ratio of 3.32 and a beta of 0.96. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The business has a 50-day simple moving average of $463.17 and a two-hundred day simple moving average of $452.35.

Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating 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 net margin of 20.02% and a return on equity of 18.95%. Linde’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $3.75 earnings per share. Research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on LIN. Royal Bank Of Canada began coverage on shares of Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target on the stock. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. UBS Group upped their price target on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup raised Linde from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Finally, Argus upgraded Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $518.80.

Get Our Latest Analysis on Linde

Linde Profile

(Free Report)

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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