Moloney Securities Asset Management LLC Sells 31 Shares of Linde plc (NASDAQ:LIN)

Moloney Securities Asset Management LLC reduced its holdings in Linde plc (NASDAQ:LIN) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 771 shares of the basic materials company’s stock after selling 31 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Linde were worth $368,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Linde in the 2nd quarter valued at approximately $28,000. Kozak & Associates Inc. purchased a new position in shares of Linde in the 3rd quarter valued at approximately $34,000. J.Safra Asset Management Corp purchased a new position in shares of Linde in the 2nd quarter valued at approximately $42,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Linde by 133.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the period. Finally, Bangor Savings Bank lifted its stake in shares of Linde by 62.9% in the 2nd quarter. Bangor Savings Bank now owns 101 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 39 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

LIN stock opened at $462.63 on Thursday. Linde plc has a one year low of $385.12 and a one year high of $487.49. The company’s fifty day moving average price is $472.12 and its 200-day moving average price is $452.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The company has a market capitalization of $220.29 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings results 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 company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the business posted $3.63 earnings per share. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. On average, equities analysts anticipate that Linde plc will post 15.47 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the business’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 sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised 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. BMO Capital Markets lifted 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. Citigroup lifted their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Barclays lifted their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company 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.