Linde PLC (NASDAQ:LIN) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,017 shares of the basic materials company's stock after selling 1,443 shares during the quarter. Linde accounts for approximately 1.1% of Moran Wealth Management LLC's portfolio, making the stock its 13th largest holding. Moran Wealth Management LLC's holdings in Linde were worth $33,068,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Wrapmanager Inc. lifted its position in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company's stock valued at $709,000 after purchasing an additional 22 shares during the period. Knuff & Co LLC raised its stake in Linde by 8.8% during the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock valued at $114,000 after buying an additional 22 shares during the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock valued at $36,000 after buying an additional 22 shares during the period. Austin Wealth Management LLC boosted its stake in shares of Linde by 5.3% in the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company's stock worth $209,000 after buying an additional 24 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in shares of Linde by 0.8% in the fourth quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company's stock worth $1,305,000 after acquiring an additional 25 shares during the period. Institutional investors own 82.80% of the company's stock.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 1,987 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the transaction, the vice president now owns 22,639 shares in the company, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Sean Durbin sold 7,261 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the transaction, the vice president now owns 8,151 shares in the company, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

LIN has been the topic of several analyst reports. Royal Bank Of Canada assumed coverage on shares of Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Argus raised Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Sanford C. Bernstein raised Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $510.40.

Linde Stock Up 0.7%

Linde stock traded up $3.41 during mid-day trading on Tuesday, reaching $463.16. 1,470,601 shares of the company were exchanged, compared to its average volume of 1,965,076. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The business has a fifty day moving average of $457.97 and a 200 day moving average of $449.18. The firm has a market cap of $218.02 billion, a P/E ratio of 33.64, a PEG ratio of 3.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.92 by $0.03. The firm had revenue of $8.11 billion during 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%. Linde's revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $3.75 EPS. Research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, June 4th. Linde's dividend payout ratio (DPR) is currently 43.57%.

Linde 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.