Western Financial Corp CA Has $391,000 Stock Position in Linde PLC (NASDAQ:LIN)

Western Financial Corp CA increased its stake in Linde PLC (NASDAQ:LIN) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 840 shares of the basic materials company’s stock after purchasing an additional 92 shares during the quarter. Western Financial Corp CA’s holdings in Linde were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. Brighton Jones LLC purchased a new stake in shares of Linde in the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC increased its stake in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the period. Bank Pictet & Cie Europe AG increased its stake in Linde by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company’s stock valued at $28,662,000 after buying an additional 1,876 shares during the period. IFP Advisors Inc lifted its position in Linde by 2.7% in the 4th quarter. IFP Advisors Inc now owns 3,183 shares of the basic materials company’s stock worth $1,333,000 after buying an additional 83 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of Linde by 66.3% during the 4th quarter. Addison Advisors LLC now owns 153 shares of the basic materials company’s stock valued at $64,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In related news, VP David P. Strauss sold 1,987 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the sale, the vice president now directly owns 22,639 shares of the company’s stock, valued at $10,346,928.56. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sean Durbin sold 7,261 shares of the business’s 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 transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Linde Stock Down 0.6%

NASDAQ LIN opened at $460.20 on Thursday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock has a market cap of $216.63 billion, a PE ratio of 33.42, a PEG ratio of 3.27 and a beta of 0.97. The firm has a 50-day simple moving average of $458.46 and a 200 day simple moving average of $449.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results 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 18.95% and a net margin of 20.02%. The business 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 revenue was up .1% on a year-over-year basis. On average, research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a dividend of $1.50 per share. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s payout ratio is presently 43.57%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LIN. Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target on the stock. Argus raised Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.40.

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.