Alerus Financial NA Has $613,000 Holdings in Linde plc (NASDAQ:LIN)

Alerus Financial NA trimmed its position in shares of Linde plc (NASDAQ:LIN) by 71.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,286 shares of the basic materials company’s stock after selling 3,296 shares during the period. Alerus Financial NA’s holdings in Linde were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in shares of Linde during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Linde in the second quarter valued at $33,000. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter valued at about $34,000. J.Safra Asset Management Corp acquired a new stake in shares of Linde during the 2nd quarter worth about $42,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Linde during the 3rd quarter worth about $43,000. 82.80% of the stock is owned by institutional investors.

Linde Stock Up 0.8 %

Shares of LIN opened at $460.99 on Monday. The firm has a 50 day simple moving average of $467.20 and a two-hundred day simple moving average of $454.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company has a market cap of $219.50 billion, a P/E ratio of 35.00, a P/E/G ratio of 2.95 and a beta of 0.94.

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

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is 42.22%.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value 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. This trade represents a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LIN shares. Bank of America increased their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays boosted their target price 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. Finally, Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.75.

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.