Thrive Wealth Management LLC Has $1.09 Million Stock Position in Linde plc (NASDAQ:LIN)

Thrive Wealth Management LLC lessened its stake in shares of Linde plc (NASDAQ:LIN) by 6.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,338 shares of the basic materials company’s stock after selling 149 shares during the quarter. Thrive Wealth Management LLC’s holdings in Linde were worth $1,089,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LIN. Norges Bank bought a new position in shares of Linde during the fourth quarter valued at $2,901,853,000. Freemont Capital Pte Ltd bought a new stake in shares of Linde in the fourth quarter worth $2,128,233,000. GAMMA Investing LLC increased its holdings in Linde by 58,312.0% in the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company’s stock valued at $1,590,596,000 after purchasing an additional 3,410,087 shares during the period. Capital World Investors raised its position in Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company’s stock worth $4,834,631,000 after purchasing an additional 2,957,604 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in Linde during the 4th quarter worth about $468,360,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Up 0.4%

Shares of Linde stock opened at $473.77 on Thursday. The firm has a market cap of $223.01 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 3.08 and a beta of 1.00. Linde plc has a one year low of $408.65 and a one year high of $487.49. 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 stock’s 50-day moving average is $452.28 and its 200 day moving average is $448.21.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 19.89% and a return on equity of 18.71%. Linde’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.75 earnings per share. Equities research analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Argus raised Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average target price of $503.11.

Insider Activity at Linde

In related news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction 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 sale, the vice president now owns 22,639 shares of the company’s stock, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sean Durbin sold 7,261 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction 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 represents a 47.11% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

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.