Spirepoint Private Client LLC Sells 69 Shares of Linde PLC (NASDAQ:LIN)

Spirepoint Private Client LLC decreased its position in Linde PLC (NASDAQ:LIN) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,295 shares of the basic materials company’s stock after selling 69 shares during the period. Spirepoint Private Client LLC’s holdings in Linde were worth $1,534,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Linde during the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC lifted its stake in Linde by 14.1% in the fourth 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 boosted its holdings in shares of Linde by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company’s stock worth $28,662,000 after buying an additional 1,876 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Linde by 7.5% during the 4th quarter. First Horizon Advisors Inc. now owns 1,099 shares of the basic materials company’s stock worth $460,000 after buying an additional 77 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new stake in shares of Linde during the 4th quarter worth approximately $3,339,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, VP Sean Durbin sold 7,261 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 8,151 shares in the company, valued at $3,720,279.42. The trade was a 47.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 22,639 shares of the company’s stock, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Linde Stock Up 0.9%

Shares of NASDAQ LIN opened at $459.75 on Tuesday. The stock has a market capitalization of $216.41 billion, a P/E ratio of 33.39, a P/E/G ratio of 3.22 and a beta of 0.97. The company has a 50-day moving average price of $457.97 and a 200-day moving average price of $449.18. 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 announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to analysts’ expectations of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.75 EPS. On average, equities research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.31%. Linde’s dividend payout ratio (DPR) is currently 43.57%.

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.