Atria Wealth Solutions Inc. Boosts Stake in Linde plc (NASDAQ:LIN)

Atria Wealth Solutions Inc. grew its stake in shares of Linde plc (NASDAQ:LIN) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,015 shares of the basic materials company’s stock after purchasing an additional 417 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Linde were worth $5,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LIN. Winder Pte. Ltd. acquired a new position in shares of Linde during the third quarter worth about $1,892,774,000. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Linde in the third quarter worth about $168,636,000. International Assets Investment Management LLC lifted its stake in shares of Linde by 33,201.7% in the fourth quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock worth $169,189,000 after acquiring an additional 410,705 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Linde by 17.8% in the third quarter. Nordea Investment Management AB now owns 2,592,343 shares of the basic materials company’s stock worth $973,865,000 after acquiring an additional 391,153 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its stake in shares of Linde by 53.1% in the third quarter. Alphinity Investment Management Pty Ltd now owns 1,033,116 shares of the basic materials company’s stock worth $384,681,000 after acquiring an additional 358,492 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In other news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Sean Durbin sold 5,277 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Oliver Pfann sold 300 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,248 shares of company stock valued at $35,811,988. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. Stifel Nicolaus cut Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a research note on Monday, January 22nd. UBS Group cut Linde from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Mizuho upgraded Linde from a “neutral” rating to a “buy” rating and set a $510.00 price target on the stock in a research note on Thursday, April 18th. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Citigroup cut Linde from a “buy” rating to a “neutral” rating and upped their price objective for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average price target of $456.79.

Linde Stock Down 0.1 %

NASDAQ:LIN opened at $443.18 on Friday. The firm has a market capitalization of $213.43 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The stock has a 50 day moving average of $456.06 and a 200-day moving average of $420.75. Linde plc has a 52 week low of $350.60 and a 52 week high of $477.71. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 0.33.

Linde (NASDAQ:LIN) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 EPS for the quarter, beating the consensus estimate of $3.49 by $0.10. The company had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.16 earnings per share. Analysts predict that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $1.39 per share. The ex-dividend date was Wednesday, March 13th. This is a positive change from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a dividend yield of 1.25%. Linde’s dividend payout ratio is 44.13%.

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.