Alera Investment Advisors LLC boosted its position in shares of Linde PLC (NYSE:LIN) by 50.9% during the 1st quarter, Holdings Channel reports. The firm owned 243 shares of the basic materials company’s stock after acquiring an additional 82 shares during the quarter. Alera Investment Advisors LLC’s holdings in Linde were worth $43,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of LIN. Patriot Financial Group Insurance Agency LLC purchased a new stake in Linde in the 1st quarter valued at about $29,000. Truvestments Capital LLC purchased a new stake in Linde in the 1st quarter valued at about $30,000. Kings Point Capital Management purchased a new stake in Linde in the 4th quarter valued at about $31,000. Harvest Group Wealth Management LLC purchased a new stake in Linde in the 1st quarter valued at about $31,000. Finally, Israel Discount Bank of New York purchased a new stake in Linde in the 1st quarter valued at about $35,000. Institutional investors own 72.88% of the company’s stock.
Shares of LIN opened at $201.69 on Thursday. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $202.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.35.
Linde (NYSE:LIN) last announced its quarterly earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.15. Linde had a net margin of 23.52% and a return on equity of 14.95%. The firm had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $7.03 billion. As a group, analysts anticipate that Linde PLC will post 6.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.875 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.50 annualized dividend and a dividend yield of 1.74%.
Several research firms have issued reports on LIN. Jefferies Financial Group boosted their price objective on shares of Linde from $205.00 to $216.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. They noted that the move was a valuation call. DZ Bank raised shares of Linde to a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research raised shares of Linde from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Barclays boosted their price objective on shares of Linde from $180.00 to $195.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Finally, BMO Capital Markets raised shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $199.14.
In other Linde news, VP Christian Bruch purchased 1,474 shares of the stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average price of $179.21 per share, with a total value of $264,155.54. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anne K. Roby sold 3,159 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $176.77, for a total transaction of $558,416.43. The disclosure for this sale can be found here. Insiders sold a total of 141,556 shares of company stock valued at $26,887,956 in the last ninety days. Corporate insiders own 0.23% of the company’s stock.
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Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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