Mattern Capital Management LLC Sells 35 Shares of Linde plc (NASDAQ:LIN)

Mattern Capital Management LLC cut its stake in Linde plc (NASDAQ:LIN) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,037 shares of the basic materials company’s stock after selling 35 shares during the period. Linde makes up approximately 1.4% of Mattern Capital Management LLC’s holdings, making the stock its 19th biggest position. Mattern Capital Management LLC’s holdings in Linde were worth $10,985,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its stake in shares of Linde by 39.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,900 shares of the basic materials company’s stock valued at $882,000 after buying an additional 541 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of Linde during the 1st quarter worth about $62,000. OneAscent Financial Services LLC increased its position in shares of Linde by 6.0% during the 1st quarter. OneAscent Financial Services LLC now owns 864 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 49 shares in the last quarter. Vicus Capital acquired a new stake in shares of Linde during the 1st quarter worth about $504,000. Finally, Symphony Financial Ltd. Co. acquired a new stake in shares of Linde during the 1st quarter worth about $223,000. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on LIN. Bank of America increased their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Finally, UBS Group lowered their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Stock Down 0.1 %

Shares of NASDAQ LIN opened at $473.76 on Friday. The firm has a market capitalization of $226.22 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a 1 year low of $366.12 and a 1 year high of $487.49. The firm’s 50-day moving average is $472.24 and its 200-day moving average is $451.19.

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

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is 42.31%.

About Linde

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.