Noesis Capital Mangement Corp Trims Stake in Linde PLC (LIN)
Noesis Capital Mangement Corp reduced its position in Linde PLC (NYSE:LIN) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 39,034 shares of the basic materials company’s stock after selling 968 shares during the period. Linde accounts for about 2.5% of Noesis Capital Mangement Corp’s holdings, making the stock its 20th biggest holding. Noesis Capital Mangement Corp’s holdings in Linde were worth $6,867,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Linde in the 1st quarter valued at about $29,000. Truvestments Capital LLC purchased a new stake in shares of Linde in the 1st quarter valued at about $30,000. Sharkey Howes & Javer purchased a new stake in shares of Linde in the 4th quarter valued at about $31,000. Flagship Harbor Advisors LLC purchased a new stake in Linde during the 4th quarter valued at approximately $31,000. Finally, Kings Point Capital Management purchased a new stake in Linde during the 4th quarter valued at approximately $31,000. 70.81% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the company. DZ Bank raised Linde to a “buy” rating in a research note on Friday, May 17th. Zacks Investment Research raised Linde from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Barclays upped their price objective on Linde from $180.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. BMO Capital Markets raised Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Monday, May 13th. Finally, Societe Generale reaffirmed a “buy” rating on shares of Linde in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $193.73.
Linde (NYSE:LIN) last released its earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Linde had a return on equity of 14.95% and a net margin of 23.52%. The company had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $7.03 billion. As a group, equities research analysts forecast that Linde PLC will post 6.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, May 31st.
In other Linde news, insider Anne K. Roby sold 3,159 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $176.77, for a total transaction of $558,416.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Eduardo F. Menezes sold 19,056 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $188.23, for a total value of $3,586,910.88. The disclosure for this sale can be found here. Insiders have sold a total of 84,982 shares of company stock worth $15,727,603 in the last quarter. 0.23% of the stock is currently owned by insiders.
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Linde Company Profile
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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