Catalina Capital Group LLC Sells 1,031 Shares of Linde PLC (NASDAQ:LIN)

Catalina Capital Group LLC lessened its holdings in Linde PLC (NASDAQ:LIN) by 68.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 473 shares of the basic materials company’s stock after selling 1,031 shares during the quarter. Catalina Capital Group LLC’s holdings in Linde were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wrapmanager Inc. boosted its stake in Linde by 1.3% during the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after acquiring an additional 22 shares during the last quarter. Knuff & Co LLC boosted its stake in Linde by 8.8% during the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 22 shares during the last quarter. New Age Alpha Advisors LLC boosted its stake in Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 22 shares during the last quarter. Austin Wealth Management LLC boosted its stake in Linde by 5.3% during the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company’s stock worth $209,000 after acquiring an additional 24 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in Linde by 0.8% during the 4th quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company’s stock worth $1,305,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LIN. 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. Finally, 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 on the stock. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $510.40.

Linde Stock Performance

Shares of LIN stock opened at $458.70 on Thursday. The company’s fifty day simple moving average is $456.88 and its 200-day simple moving average is $449.20. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. The firm has a market cap of $215.92 billion, a PE ratio of 33.31, a P/E/G ratio of 3.25 and a beta of 0.97. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.75 earnings per share. Equities research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde’s dividend payout ratio is presently 43.57%.

Insider Transactions at Linde

In other Linde news, VP Sean Durbin sold 7,261 shares of the stock in a transaction on Thursday, May 22nd. The shares were 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 now owns 8,151 shares in the company, valued at $3,720,279.42. This trade represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 1,987 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the sale, the vice president now owns 22,639 shares of the company’s stock, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. 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.