Stokes Capital Advisors LLC Increases Holdings in Linde plc (NASDAQ:LIN)

Stokes Capital Advisors LLC raised its position in shares of Linde plc (NASDAQ:LIN) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 14,314 shares of the basic materials company’s stock after acquiring an additional 56 shares during the period. Linde makes up approximately 1.7% of Stokes Capital Advisors LLC’s holdings, making the stock its 27th largest holding. Stokes Capital Advisors LLC’s holdings in Linde were worth $6,665,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of LIN. Blue Zone Wealth Advisors LLC boosted its position in shares of Linde by 24.9% during the first quarter. Blue Zone Wealth Advisors LLC now owns 11,845 shares of the basic materials company’s stock valued at $5,516,000 after purchasing an additional 2,362 shares in the last quarter. Impact Capital Partners LLC boosted its position in shares of Linde by 4.3% during the first quarter. Impact Capital Partners LLC now owns 5,209 shares of the basic materials company’s stock valued at $2,426,000 after purchasing an additional 216 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of Linde by 5.2% during the first quarter. Procyon Advisors LLC now owns 11,300 shares of the basic materials company’s stock valued at $5,262,000 after purchasing an additional 559 shares in the last quarter. Consilio Wealth Advisors LLC bought a new stake in shares of Linde during the first quarter valued at approximately $224,000. Finally, Affinity Wealth Management LLC boosted its position in shares of Linde by 1.2% during the first quarter. Affinity Wealth Management LLC now owns 11,045 shares of the basic materials company’s stock valued at $5,143,000 after purchasing an additional 132 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Stock Up 0.5%

LIN stock opened at $472.71 on Friday. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49. The business has a fifty day moving average price of $452.49 and a 200-day moving average price of $448.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The stock has a market capitalization of $222.52 billion, a P/E ratio of 34.73, a P/E/G ratio of 3.08 and a beta of 0.97.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. The company had revenue of $8.11 billion during the quarter, compared to analysts’ expectations of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. Linde’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.75 earnings per share. Equities analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde’s dividend payout ratio (DPR) is presently 43.57%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LIN shares. Sanford C. Bernstein upgraded 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 report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $503.11.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 7,261 shares of the company’s stock in a transaction dated 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 represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the sale, the vice president now owns 22,639 shares of the company’s stock, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

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.