Taurus Asset Management LLC Has $24.02 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Taurus Asset Management LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,745 shares of the basic materials company’s stock after buying an additional 141 shares during the quarter. Linde accounts for approximately 2.4% of Taurus Asset Management LLC’s holdings, making the stock its 15th biggest position. Taurus Asset Management LLC’s holdings in Linde were worth $24,023,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Members Trust Co lifted its position in Linde by 3.7% in the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in shares of Linde by 1.3% during the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after acquiring an additional 23 shares in the last quarter. Johnson Financial Group Inc. boosted its position in Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 24 shares during the last quarter. Valued Wealth Advisors LLC grew its stake in Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. Finally, CNB Bank increased its position in Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LIN has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America upped their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Citigroup raised their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $484.18.

Linde Trading Up 0.3 %

Linde stock opened at $468.81 on Friday. Linde plc has a 52 week low of $361.02 and a 52 week high of $479.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The firm has a market capitalization of $223.86 billion, a PE ratio of 36.37, a PEG ratio of 2.91 and a beta of 0.94. The business’s 50-day simple moving average is $454.53 and its 200-day simple moving average is $448.68.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the previous year, the business posted $3.57 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts forecast that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s payout ratio is currently 43.13%.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the business’s 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 transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

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.