Curi RMB Capital LLC Has $1.10 Million Position in Linde plc (NASDAQ:LIN)

Curi RMB Capital LLC boosted its holdings in Linde plc (NASDAQ:LIN) by 25.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,306 shares of the basic materials company’s stock after buying an additional 475 shares during the period. Curi RMB Capital LLC’s holdings in Linde were worth $1,100,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Linde in the second quarter worth $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the second quarter worth $33,000. Kozak & Associates Inc. acquired a new stake in Linde in the third quarter worth $34,000. J.Safra Asset Management Corp acquired a new stake in Linde in the second quarter worth $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in Linde in the third quarter worth $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction dated 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 directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 36.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Linde Stock Performance

NASDAQ LIN opened at $449.10 on Friday. The company’s 50 day moving average is $470.23 and its 200-day moving average is $452.61. The firm has a market cap of $213.84 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the company earned $3.63 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.24%. Linde’s payout ratio is 42.22%.

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.