Schrum Private Wealth Management LLC Makes New Investment in Linde PLC (NASDAQ:LIN)

Schrum Private Wealth Management LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 472 shares of the basic materials company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. North Capital Inc. bought a new stake in shares of Linde during the first quarter worth $25,000. Putney Financial Group LLC bought a new position in Linde during the fourth quarter worth about $31,000. Dunhill Financial LLC bought a new position in Linde in the 4th quarter valued at about $34,000. New Age Alpha Advisors LLC grew its holdings 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 valued at $36,000 after purchasing an additional 22 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in Linde during the 4th quarter worth approximately $37,000. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on LIN shares. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and boosted their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. UBS Group raised their price objective on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. Argus upgraded shares of 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 note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $518.80.

Linde Trading Down 0.0%

Shares of LIN opened at $468.78 on Tuesday. The firm has a market cap of $220.66 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 3.31 and a beta of 0.96. The company has a 50 day simple moving average of $463.77 and a two-hundred day simple moving average of $453.36. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (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 firm had revenue of $8.11 billion for the quarter, compared to analysts’ expectations of $8.24 billion. During the same period in the previous year, the firm posted $3.75 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. On average, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $1.50 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.28%. Linde’s dividend payout ratio (DPR) is currently 43.57%.

Insider Activity at Linde

In other news, VP David P. Strauss sold 1,987 shares of the 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 owned 22,639 shares in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sean Durbin sold 7,261 shares of the firm’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 owned 8,151 shares of the company’s stock, 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. 0.70% of the stock is owned by corporate insiders.

Linde 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.