Integrated Advisors Network LLC Has $1.21 Million Position in Linde plc (NASDAQ:LIN)

Integrated Advisors Network LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 32.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,594 shares of the basic materials company’s stock after buying an additional 631 shares during the period. Integrated Advisors Network LLC’s holdings in Linde were worth $1,208,000 as of its most recent SEC filing.

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

Insider Activity

In other news, VP David P. Strauss sold 1,987 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the transaction, the vice president now directly owns 22,639 shares in the company, valued at $10,346,928.56. The trade was a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 trade represents a 47.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $470.53 on Friday. The company has a 50-day moving average price of $454.21 and a two-hundred day moving average price of $449.06. Linde plc has a twelve month low of $408.65 and a twelve month high of $487.49. 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 firm has a market capitalization of $221.49 billion, a PE ratio of 34.57, a P/E/G ratio of 3.08 and a beta of 0.97.

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

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde’s payout ratio is presently 43.57%.

Analyst Upgrades and Downgrades

LIN has been the topic of several research analyst reports. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Argus upgraded Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $503.11.

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.