520 Shares in Linde plc (NASDAQ:LIN) Acquired by Strive Asset Management LLC

Strive Asset Management LLC purchased a new position in shares of Linde plc (NASDAQ:LIN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 520 shares of the basic materials company’s stock, valued at approximately $218,000.

Other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in Linde during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. increased its holdings in Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Linde during the 4th quarter worth approximately $28,000. Dunhill Financial LLC bought a new stake in Linde during the 4th quarter worth approximately $34,000. Finally, New Age Alpha Advisors LLC increased its holdings in Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 22 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent research reports. Argus raised Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a report 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $503.11.

Insider Activity at Linde

In related news, VP David P. Strauss sold 2,477 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares in the company, valued at approximately $610,662. This represents a 65.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the sale, the vice president now owns 14,765 shares in the company, valued at approximately $6,786,289.30. This represents a 31.48% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Linde Stock Performance

LIN stock opened at $457.77 on Monday. The firm has a market cap of $215.48 billion, a PE ratio of 33.63, a P/E/G ratio of 3.08 and a beta of 1.00. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $451.02 and a 200-day moving average of $447.54. Linde plc has a 12-month low of $408.65 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $8.24 billion. During the same period in the prior year, the company posted $3.75 earnings per share. Linde’s quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.31%. Linde’s payout ratio is 43.57%.

Linde Company 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.