Chilton Capital Management LLC Acquires 268 Shares of Linde PLC (NASDAQ:LIN)

Chilton Capital Management LLC lifted its holdings in shares of Linde PLC (NASDAQ:LIN) by 0.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 62,113 shares of the basic materials company’s stock after purchasing an additional 268 shares during the period. Linde accounts for about 1.2% of Chilton Capital Management LLC’s portfolio, making the stock its 27th largest position. Chilton Capital Management LLC’s holdings in Linde were worth $28,922,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. North Capital Inc. bought a new stake in shares of Linde during the first quarter worth $25,000. Rakuten Securities Inc. lifted its stake in shares of Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Putney Financial Group LLC acquired a new position in shares of Linde during the fourth quarter valued at $31,000. Dunhill Financial LLC acquired a new position in shares of Linde during the fourth quarter valued at $34,000. Finally, New Age Alpha Advisors LLC lifted its stake 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 acquiring an additional 22 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Activity

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 completion of the sale, the vice president directly owned 8,151 shares in the company, valued at $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the 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 completion of the sale, the vice president owned 22,639 shares of the company’s stock, 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. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LIN shares. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price target on the stock. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Citigroup raised Linde from a “neutral” rating to a “buy” rating and upped their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, Argus raised Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $515.90.

Linde Trading Down 0.3%

NASDAQ:LIN opened at $475.83 on Friday. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The business’s 50-day moving average price is $461.54 and its two-hundred day moving average price is $451.22. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $223.98 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 3.35 and a beta of 0.96.

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

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde’s payout ratio is 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.