Linde plc (NASDAQ:LIN) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC trimmed its position in Linde plc (NASDAQ:LIN) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,073 shares of the basic materials company’s stock after selling 2,776 shares during the quarter. Pathstone Holdings LLC’s holdings in Linde were worth $28,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wrapmanager Inc. grew its position in Linde by 1.3% in the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after purchasing an additional 22 shares during the last quarter. Knuff & Co LLC grew its stake in shares of Linde by 8.8% in the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 22 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in shares of Linde by 34.9% in the fourth 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. Concord Asset Management LLC VA grew its stake in shares of Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after purchasing an additional 23 shares in the last quarter. Finally, Fourpath Capital Management LLC grew its stake in shares of Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after purchasing an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LIN shares. Argus upgraded shares of Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $503.11.

Linde Trading Down 1.0%

Shares of NASDAQ:LIN opened at $445.97 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49. The stock has a market capitalization of $209.93 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 3.08 and a beta of 1.00. The company has a 50 day moving average price of $451.10 and a 200 day moving average price of $448.04.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share 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 business had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. During the same quarter last year, the company posted $3.75 EPS. Linde’s revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.35%. Linde’s payout ratio is presently 43.57%.

Insiders Place Their Bets

In other news, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares of the company’s stock, valued at $610,662. This represents a 65.58% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.