Linde plc (NASDAQ:LIN) Shares Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC raised its stake in Linde plc (NASDAQ:LIN) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,489 shares of the basic materials company’s stock after purchasing an additional 90 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Linde were worth $710,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LIN. Cornerstone Wealth Group LLC acquired a new stake in shares of Linde in the 1st quarter worth approximately $210,000. Trilogy Capital Inc. acquired a new stake in shares of Linde in the first quarter valued at approximately $286,000. Kowal Investment Group LLC purchased a new position in shares of Linde during the 1st quarter worth approximately $204,000. Miracle Mile Advisors LLC lifted its stake in Linde by 36.6% in the 1st quarter. Miracle Mile Advisors LLC now owns 7,529 shares of the basic materials company’s stock valued at $3,496,000 after buying an additional 2,019 shares in the last quarter. Finally, Claro Advisors LLC grew its holdings in Linde by 2.2% during the 1st quarter. Claro Advisors LLC now owns 2,367 shares of the basic materials company’s stock valued at $1,099,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Citigroup upped their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Bank of America lifted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. UBS Group decreased their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Down 0.1 %

LIN opened at $473.76 on Monday. Linde plc has a 1 year low of $366.12 and a 1 year high of $487.49. The firm has a 50 day moving average price of $472.24 and a 200 day moving average price of $451.20. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The company has a market cap 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.

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

Linde Dividend Announcement

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

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.