Courier Capital LLC Sells 275 Shares of Linde plc (NASDAQ:LIN)

Courier Capital LLC decreased its stake in Linde plc (NASDAQ:LIN) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,750 shares of the basic materials company’s stock after selling 275 shares during the quarter. Courier Capital LLC’s holdings in Linde were worth $8,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LIN. Retirement Group LLC acquired a new position in Linde in the first quarter valued at about $25,000. Summit Securities Group LLC acquired a new position in Linde in the second quarter valued at about $28,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde during the second quarter worth about $33,000. Valued Wealth Advisors LLC raised its position in shares of Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares during the period. Finally, Kozak & Associates Inc. acquired a new stake in shares of Linde during the third quarter worth about $34,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LIN shares. Barclays raised their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America raised their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. UBS Group dropped their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Stock Down 0.5 %

LIN stock traded down $2.41 during mid-day trading on Wednesday, reaching $479.54. The company had a trading volume of 575,208 shares, compared to its average volume of 1,820,908. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $471.01 and a two-hundred day simple moving average of $450.80. The company has a market capitalization of $228.98 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 52 week low of $362.33 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the previous year, the company posted $3.57 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that Linde plc will post 15.52 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.16%. Linde’s dividend payout ratio is currently 42.31%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

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.