Western Wealth Management LLC Buys 121 Shares of Linde PLC (NASDAQ:LIN)

Western Wealth Management LLC boosted its stake in Linde PLC (NASDAQ:LIN) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,164 shares of the basic materials company’s stock after purchasing an additional 121 shares during the period. Western Wealth Management LLC’s holdings in Linde were worth $2,870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LIN. Rakuten Securities Inc. grew its stake in shares of Linde by 1,160.0% in the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Putney Financial Group LLC bought a new position in Linde during the 4th quarter valued at approximately $31,000. Dunhill Financial LLC purchased a new stake in Linde in the 4th quarter worth approximately $34,000. New Age Alpha Advisors LLC grew its position in shares of Linde by 34.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after buying an additional 22 shares during the last quarter. Finally, Capital A Wealth Management LLC bought a new stake in shares of Linde in the 4th quarter worth approximately $37,000. Institutional investors own 82.80% of the company’s stock.

Insider Activity

In other news, VP Sean Durbin sold 7,261 shares of the company’s 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 transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, the vice president now directly owns 22,639 shares in the company, valued at $10,346,928.56. This trade represents 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 Performance

Shares of LIN opened at $460.20 on Thursday. 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 stock has a market cap of $216.63 billion, a P/E ratio of 33.42, a P/E/G ratio of 3.27 and a beta of 0.97. The business’s 50 day moving average price is $458.46 and its 200-day moving average price is $449.35. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the previous year, the company posted $3.75 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.30%. Linde’s dividend payout ratio is presently 43.57%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank Of Canada started coverage on Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price for the company. Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, Argus upgraded shares of Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $510.40.

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.