Linde PLC (NASDAQ:LIN) Shares Bought by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. raised its position in Linde PLC (NASDAQ:LIN) by 552.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,837 shares of the basic materials company’s stock after acquiring an additional 4,942 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Linde were worth $2,718,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Linde during the fourth quarter worth about $2,752,000. Revolve Wealth Partners LLC lifted its position in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Linde by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company’s stock worth $28,662,000 after purchasing an additional 1,876 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of Linde by 80.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company’s stock worth $943,000 after purchasing an additional 1,004 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Linde by 11.4% during the fourth quarter. LPL Financial LLC now owns 242,183 shares of the basic materials company’s stock worth $101,395,000 after purchasing an additional 24,692 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of a number of research analyst reports. Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target for the company. Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Argus raised shares of Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and increased their price objective for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, UBS Group upped their price objective on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and a consensus price target of $518.80.

Linde Trading Down 0.4%

Shares of Linde stock opened at $469.99 on Thursday. The company’s fifty day simple moving average is $465.88 and its 200-day simple moving average is $455.22. The company has a market cap of $221.23 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 3.33 and a beta of 0.96. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (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 18.95% and a net margin of 20.02%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $3.75 earnings per share. As a group, sell-side analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $1.50 per share. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.28%. Linde’s payout ratio is currently 43.57%.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 7,261 shares of the company’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 transaction, the vice president directly owned 8,151 shares of the company’s stock, valued at $3,720,279.42. This represents a 47.11% decrease in their position. 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 stock in a transaction on 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 directly owned 22,639 shares in the company, valued at approximately $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. 0.70% of the stock is currently owned by 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.