Morse Asset Management Inc Sells 350 Shares of Linde PLC (NYSE:LIN)

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Morse Asset Management Inc reduced its position in shares of Linde PLC (NYSE:LIN) by 5.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,901 shares of the basic materials company’s stock after selling 350 shares during the quarter. Morse Asset Management Inc’s holdings in Linde were worth $1,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. raised its holdings in Linde by 2.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,285 shares of the basic materials company’s stock worth $459,000 after purchasing an additional 51 shares in the last quarter. Enterprise Financial Services Corp raised its holdings in Linde by 26.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 262 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 54 shares in the last quarter. MAI Capital Management raised its holdings in Linde by 4.4% in the 1st quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 58 shares in the last quarter. Lee Financial Co raised its holdings in Linde by 0.9% in the 1st quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock worth $1,209,000 after purchasing an additional 60 shares in the last quarter. Finally, Insight Wealth Strategies LLC raised its holdings in Linde by 3.5% in the 1st quarter. Insight Wealth Strategies LLC now owns 1,860 shares of the basic materials company’s stock worth $327,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 72.69% of the company’s stock.

In other news, VP Christian Bruch acquired 1,474 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average cost of $179.21 per share, with a total value of $264,155.54. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Eduardo F. Menezes sold 19,056 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $188.23, for a total transaction of $3,586,910.88. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Several research analysts have commented on the stock. Bank of America upped their price objective on shares of Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a report on Tuesday, August 6th. DZ Bank restated a “buy” rating on shares of Linde in a report on Monday, July 22nd. ValuEngine lowered shares of Linde from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Societe Generale restated a “buy” rating on shares of Linde in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Linde has a consensus rating of “Buy” and an average price target of $201.83.

Shares of Linde stock traded up $0.69 during trading on Tuesday, hitting $192.89. The company’s stock had a trading volume of 51,404 shares, compared to its average volume of 1,838,518. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.02 and a quick ratio of 0.85. The business’s fifty day moving average price is $199.23. Linde PLC has a 52 week low of $145.95 and a 52 week high of $206.82.

Linde (NYSE:LIN) last issued its quarterly 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. The company had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.03 billion. Linde had a net margin of 19.47% and a return on equity of 11.05%. On average, equities analysts anticipate that Linde PLC will post 7.1 EPS for the current year.

About Linde

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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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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