Linde plc (NASDAQ:LIN) Shares Bought by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 22.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,258 shares of the basic materials company’s stock after acquiring an additional 589 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Linde were worth $1,517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors boosted its position in Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company’s stock worth $4,834,631,000 after acquiring an additional 2,957,604 shares during the period. Geode Capital Management LLC boosted its position in Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company’s stock worth $4,598,551,000 after acquiring an additional 30,750 shares during the period. Capital Research Global Investors lifted its holdings in Linde by 6.4% in the fourth quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company’s stock worth $3,857,741,000 after purchasing an additional 554,480 shares during the period. Norges Bank acquired a new stake in Linde in the fourth quarter worth about $2,901,853,000. Finally, Freemont Capital Pte Ltd acquired a new stake in Linde in the fourth quarter worth about $2,128,233,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.5%

LIN stock opened at $472.71 on Friday. Linde plc has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market cap of $222.52 billion, a PE ratio of 34.73, a P/E/G ratio of 3.08 and a beta of 0.97. The firm has a 50 day simple moving average of $452.49 and a 200 day simple moving average of $448.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

Linde (NASDAQ:LIN) last announced 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. Linde had a return on equity of 18.71% and a net margin of 19.89%. The company had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter in the prior year, the firm earned $3.75 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde’s dividend payout ratio is presently 43.57%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LIN shares. Argus raised shares of Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.11.

Insider Buying and Selling at Linde

In other news, VP Sean Durbin sold 7,261 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 8,151 shares in the company, valued at $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction 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 sale, the vice president now owns 22,639 shares of the company’s stock, valued at $10,346,928.56. The trade was a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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.