Aureus Asset Management LLC Sells 34 Shares of Linde plc (NASDAQ:LIN)

Aureus Asset Management LLC cut its holdings in Linde plc (NASDAQ:LIN) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 704 shares of the basic materials company’s stock after selling 34 shares during the period. Aureus Asset Management LLC’s holdings in Linde were worth $336,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LIN. Summit Securities Group LLC bought a new position in shares of Linde in the second quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde during the second quarter worth about $33,000. Kozak & Associates Inc. acquired a new stake in Linde during the third quarter worth about $34,000. J.Safra Asset Management Corp acquired a new stake in Linde during the second quarter worth about $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in Linde during the third quarter worth about $43,000. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Up 0.8 %

Shares of LIN opened at $460.99 on Monday. The company has a market capitalization of $219.50 billion, a P/E ratio of 35.00, a PEG ratio of 2.95 and a beta of 0.94. 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 one year low of $396.07 and a one year high of $487.49. The business’s 50 day simple moving average is $467.20 and its 200-day simple moving average is $454.55.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.63 EPS. As a group, sell-side analysts predict that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The trade was a 36.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of recent research reports. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets lifted 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. Finally, Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

About Linde

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.