EdgeRock Capital LLC Purchases 79 Shares of Linde plc (NASDAQ:LIN)

EdgeRock Capital LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 15.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 582 shares of the basic materials company’s stock after acquiring an additional 79 shares during the quarter. EdgeRock Capital LLC’s holdings in Linde were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wrapmanager Inc. lifted its stake in shares of Linde by 1.3% during the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after purchasing an additional 22 shares during the last quarter. Knuff & Co LLC raised its stake in Linde by 8.8% in the fourth quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock valued at $114,000 after buying an additional 22 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Linde by 34.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 22 shares during the last quarter. Austin Wealth Management LLC raised its stake in shares of Linde by 5.3% in the fourth quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 24 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of Linde by 0.8% in the fourth quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company’s stock worth $1,305,000 after purchasing an additional 25 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Trading Up 0.7%

Shares of NASDAQ LIN opened at $475.56 on Wednesday. Linde plc has a one year low of $408.65 and a one year high of $487.49. The firm has a market capitalization of $223.86 billion, a PE ratio of 34.94, a PEG ratio of 3.08 and a beta of 0.97. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $452.70 and a two-hundred day moving average price of $448.82.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. During the same period in the previous year, the company earned $3.75 EPS. The firm’s revenue was up .1% on a year-over-year basis. As a group, analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde’s dividend payout ratio (DPR) is 43.57%.

Analyst Ratings Changes

Several brokerages have commented on LIN. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Argus raised Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $503.11.

Insider Buying and Selling at Linde

In other Linde news, VP Sean Durbin sold 7,261 shares of the 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 transaction, the vice president now owns 8,151 shares of the company’s stock, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the firm’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 sale, the vice president now directly owns 22,639 shares in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

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.