Accelerate Investment Advisors LLC Buys 147 Shares of Linde PLC (NASDAQ:LIN)

Accelerate Investment Advisors LLC increased its position in Linde PLC (NASDAQ:LIN) by 11.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,386 shares of the basic materials company’s stock after buying an additional 147 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in Linde were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Rakuten Securities Inc. grew its holdings in Linde by 1,160.0% during 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 during the period. Strategic Financial Concepts LLC bought a new stake in shares of Linde during the fourth quarter valued at approximately $28,000. Putney Financial Group LLC acquired a new position in shares of Linde during the fourth quarter worth approximately $31,000. Dunhill Financial LLC bought a new position in shares of Linde in the 4th quarter worth $34,000. Finally, New Age Alpha Advisors LLC grew its holdings in shares of Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock valued at $36,000 after buying an additional 22 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Linde Trading Down 1.2%

Shares of LIN stock opened at $460.90 on Wednesday. The company has a market capitalization of $216.95 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94. The business’s fifty day moving average is $456.62 and its 200 day moving average is $449.13. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm had revenue of $8.11 billion for the quarter, compared to analysts’ expectations of $8.24 billion. During the same quarter last year, the company posted $3.75 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a $1.50 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s payout ratio is 43.57%.

Insider Buying and Selling at Linde

In related news, VP Sean Durbin sold 7,261 shares of the firm’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 sale, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,720,279.42. This trade represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David P. Strauss sold 1,987 shares of the business’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 transaction, the vice president now directly owns 22,639 shares in the company, valued at $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. 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.