Curi RMB Capital LLC Raises Holdings in Linde plc (NASDAQ:LIN)

Curi RMB Capital LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 25.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,306 shares of the basic materials company’s stock after purchasing an additional 475 shares during the quarter. Curi RMB Capital LLC’s holdings in Linde were worth $1,100,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in Linde during the second quarter worth $28,000. Strategic Financial Concepts LLC purchased a new position in Linde in the second quarter valued at $33,000. Kozak & Associates Inc. purchased a new stake in Linde during the 3rd quarter worth about $34,000. J.Safra Asset Management Corp acquired a new stake in shares of Linde during the second quarter worth about $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Linde during the third quarter worth about $43,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the company’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 sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $449.10 on Friday. The stock has a market capitalization of $213.84 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.92 and a beta of 0.94. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The business’s fifty day moving average is $470.23 and its two-hundred day moving average is $452.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping 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 firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the previous year, the company posted $3.63 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is 42.22%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America increased their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays raised their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

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.