Linde plc (NASDAQ:LIN) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC reduced its position in Linde plc (NASDAQ:LIN - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,575 shares of the basic materials company's stock after selling 731 shares during the period. Curi RMB Capital LLC's holdings in Linde were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. Howard Capital Management Group LLC acquired a new position in Linde in the 3rd quarter valued at $252,000. Virtu Financial LLC purchased a new position in shares of Linde during the 3rd quarter worth $1,023,000. Wealthquest Corp purchased a new stake in shares of Linde in the 3rd quarter valued at approximately $459,000. Anchor Investment Management LLC grew its stake in shares of Linde by 6.6% in the third quarter. Anchor Investment Management LLC now owns 2,831 shares of the basic materials company's stock valued at $1,350,000 after buying an additional 175 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Linde during the third quarter worth about $590,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

NASDAQ:LIN traded down $1.13 during trading hours on Friday, hitting $448.40. The company's stock had a trading volume of 1,865,299 shares, compared to its average volume of 1,949,184. The company has a market capitalization of $212.05 billion, a PE ratio of 32.95, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 52-week low of $408.65 and a 52-week high of $487.49. The business's 50-day moving average is $454.36 and its two-hundred day moving average is $450.51. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, research analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $1.50 per share. This is an increase from Linde's previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 13th. Linde's payout ratio is currently 44.09%.

Insider Activity

In related news, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares in the company, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,477 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the completion of the transaction, the vice president now owns 1,300 shares in the company, valued at $610,662. The trade was a 65.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,159 shares of company stock worth $5,603,843 over the last three months. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Argus upgraded shares of Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and raised their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $498.00.

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.