Moss Adams Wealth Advisors LLC Purchases 300 Shares of Linde plc (NASDAQ:LIN)

Moss Adams Wealth Advisors LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 26.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,418 shares of the basic materials company’s stock after purchasing an additional 300 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Linde were worth $660,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its holdings in Linde by 42.0% during the 1st quarter. NewSquare Capital LLC now owns 497 shares of the basic materials company’s stock valued at $231,000 after purchasing an additional 147 shares during the last quarter. Greystone Financial Group LLC raised its stake in shares of Linde by 24.8% in the first quarter. Greystone Financial Group LLC now owns 22,712 shares of the basic materials company’s stock worth $10,576,000 after acquiring an additional 4,510 shares during the last quarter. Baldwin Wealth Partners LLC MA raised its stake in shares of Linde by 22.5% in the first quarter. Baldwin Wealth Partners LLC MA now owns 681 shares of the basic materials company’s stock worth $317,000 after acquiring an additional 125 shares during the last quarter. Wesbanco Bank Inc. raised its stake in shares of Linde by 4.6% in the first quarter. Wesbanco Bank Inc. now owns 25,842 shares of the basic materials company’s stock worth $12,033,000 after acquiring an additional 1,129 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Linde by 9.1% in the first quarter. First Citizens Bank & Trust Co. now owns 1,912 shares of the basic materials company’s stock worth $890,000 after acquiring an additional 159 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LIN. Argus raised shares of Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.11.

Insider Activity at Linde

In other news, VP David P. Strauss sold 1,987 shares of the company’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 completion of the transaction, the vice president now owns 22,639 shares in the company, valued at $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sean Durbin sold 7,261 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the completion of the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at $3,720,279.42. This trade represents a 47.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Linde Trading Up 0.5%

LIN opened at $472.71 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The company has a market cap of $222.52 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.97. The firm has a 50 day simple moving average of $452.49 and a 200 day simple moving average of $448.51. Linde plc has a fifty-two week low of $408.65 and a fifty-two week 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 firm had revenue of $8.11 billion during the quarter, compared to analysts’ expectations of $8.24 billion. Linde had a net margin of 19.89% and a return on equity of 18.71%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.75 earnings per share. On average, sell-side analysts anticipate that Linde plc will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, June 4th. Linde’s dividend payout ratio is currently 43.57%.

Linde Company 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.