Aurora Private Wealth Inc. Has $1.19 Million Stock Holdings in Linde PLC (NASDAQ:LIN)

Aurora Private Wealth Inc. raised its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 121.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,544 shares of the basic materials company's stock after acquiring an additional 1,394 shares during the quarter. Aurora Private Wealth Inc.'s holdings in Linde were worth $1,185,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Rakuten Securities Inc. increased its holdings in Linde by 1,160.0% in the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Putney Financial Group LLC acquired a new stake in shares of Linde in the 4th quarter valued at approximately $31,000. Dunhill Financial LLC bought a new position in Linde during the 4th quarter worth approximately $34,000. New Age Alpha Advisors LLC grew its holdings in Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 22 shares during the period. Finally, Capital A Wealth Management LLC bought a new stake in Linde in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analysts Set New Price Targets

LIN has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Royal Bank Of Canada began coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective on the stock. Finally, Argus raised Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Three investment 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. According to MarketBeat, Linde has a consensus rating of "Moderate Buy" and an average target price of $510.40.

Insider Transactions at Linde

In related news, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the transaction, the vice president now directly owns 8,151 shares of the company's stock, valued at approximately $3,720,279.42. The trade was a 47.11% decrease in their position. The transaction 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 1,987 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the sale, the vice president now directly owns 22,639 shares of the company's stock, valued at $10,346,928.56. This represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Linde Stock Down 0.1%

Shares of NASDAQ:LIN traded down $0.45 during mid-day trading on Friday, reaching $464.01. 377,954 shares of the stock were exchanged, compared to its average volume of 1,962,717. The stock's 50 day simple moving average is $458.70 and its 200-day simple moving average is $449.50. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a market cap of $218.42 billion, a P/E ratio of 33.70, a P/E/G ratio of 3.25 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.03. The firm had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The company's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.75 EPS. As a group, equities research analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, June 4th. Linde's dividend payout ratio (DPR) is 43.57%.

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.