Linde plc (NASDAQ:LIN) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Linde plc (NASDAQ:LIN) by 9.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,246 shares of the basic materials company’s stock after selling 335 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Linde were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI lifted its position in Linde by 46.9% during the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after buying an additional 15,393 shares in the last quarter. Vident Advisory LLC lifted its position in Linde by 40.7% during the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after buying an additional 2,337 shares in the last quarter. Choate Investment Advisors lifted its position in Linde by 23.6% during the first quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock worth $8,366,000 after buying an additional 3,437 shares in the last quarter. Norden Group LLC purchased a new position in Linde during the first quarter worth approximately $5,041,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after buying an additional 2,312 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIN has been the topic of a number of research analyst reports. UBS Group reduced their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Barclays lifted their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Bank of America lifted their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $484.18.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Linde Price Performance

LIN stock opened at $473.40 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $226.05 billion, a PE ratio of 36.03, a P/E/G ratio of 3.00 and a beta of 0.94. Linde plc has a 12-month low of $376.70 and a 12-month high of $487.49. The business’s fifty day moving average price is $473.15 and its 200 day moving average price is $451.70.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the previous year, the firm posted $3.57 EPS. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that Linde plc will post 15.52 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.17%. Linde’s payout ratio is 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.