Harbour Trust & Investment Management Co Trims Stock Position in Linde plc (NASDAQ:LIN)

Harbour Trust & Investment Management Co cut its stake in shares of Linde plc (NASDAQ:LIN) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,028 shares of the basic materials company’s stock after selling 158 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Linde were worth $1,444,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LIN. Trifecta Capital Advisors LLC increased its holdings in Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares during the period. Regent Peak Wealth Advisors LLC increased its holdings in Linde by 1.3% during the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after buying an additional 23 shares during the period. Prentice Wealth Management LLC increased its holdings in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC increased its holdings in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares during the period. Finally, Valued Wealth Advisors LLC increased its holdings in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on LIN. BMO Capital Markets restated an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. UBS Group lowered their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Bank of America raised their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $484.18.

Insider Activity

In other news, VP John Panikar sold 10,025 shares of the business’s 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 owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Linde Trading Down 0.6 %

Shares of Linde stock opened at $474.46 on Friday. Linde plc has a 1 year low of $362.33 and a 1 year high of $487.49. 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 market cap of $226.55 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. The firm has a fifty day moving average price of $471.54 and a 200 day moving average price of $450.99.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $3.57 EPS. Equities research analysts predict that Linde plc will post 15.52 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a $1.39 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio (DPR) is presently 42.31%.

Linde 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.