Avior Wealth Management LLC Cuts Stock Position in Linde plc (NASDAQ:LIN)

Avior Wealth Management LLC trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,351 shares of the basic materials company’s stock after selling 149 shares during the period. Avior Wealth Management LLC’s holdings in Linde were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LIN. Ameriprise Financial Inc. lifted its position in shares of Linde by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after purchasing an additional 15,187 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Linde by 7.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after buying an additional 218,746 shares in the last quarter. Impax Asset Management Group plc boosted its position in Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after buying an additional 56,775 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Linde by 8.7% during the second quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock valued at $874,908,000 after acquiring an additional 160,355 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Linde by 1.2% during the first quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock worth $906,730,000 after acquiring an additional 23,155 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America lifted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday. Barclays boosted their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Trading Up 0.8 %

NASDAQ:LIN opened at $453.69 on Friday. The firm has a market capitalization of $216.03 billion, a P/E ratio of 34.45, a P/E/G ratio of 2.84 and a beta of 0.94. The business has a 50 day simple moving average of $468.82 and a 200 day simple moving average of $453.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the company posted $3.63 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.23%. Linde’s dividend payout ratio is presently 42.22%.

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.