MorganRosel Wealth Management LLC Cuts Holdings in Linde plc (NASDAQ:LIN)

MorganRosel Wealth Management LLC lessened its stake in Linde plc (NASDAQ:LIN) by 20.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,306 shares of the basic materials company’s stock after selling 336 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Linde were worth $623,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC grew its position in Linde by 566.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock worth $851,314,000 after purchasing an additional 1,558,538 shares during the last quarter. Swedbank AB purchased a new position in Linde in the 2nd quarter worth $420,720,000. ProShare Advisors LLC lifted its position in Linde by 91.6% during the 1st quarter. ProShare Advisors LLC now owns 968,402 shares of the basic materials company’s stock worth $449,648,000 after acquiring an additional 463,096 shares during the period. iA Global Asset Management Inc. purchased a new position in shares of Linde in the first quarter worth about $210,480,000. Finally, AMF Tjanstepension AB lifted its holdings in shares of Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group dropped their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Barclays lifted their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Bank of America increased their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Citigroup lifted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Trading Up 1.0 %

NASDAQ LIN opened at $474.04 on Friday. Linde plc has a 52 week low of $361.02 and a 52 week high of $483.36. The firm has a 50 day moving average of $465.85 and a two-hundred day moving average of $449.92. The stock has a market capitalization of $227.86 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction 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 approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by company 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.