Linde plc (NASDAQ:LIN) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC cut its holdings in shares of Linde plc (NASDAQ:LIN) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,391 shares of the basic materials company’s stock after selling 45 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Linde were worth $1,123,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LIN. Vanguard Group Inc. boosted its holdings in shares of Linde by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after purchasing an additional 405,952 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Linde by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after acquiring an additional 15,187 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Linde by 7.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after acquiring an additional 218,746 shares during the period. Clearbridge Investments LLC boosted its position in shares of Linde by 8.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock valued at $874,908,000 after acquiring an additional 160,355 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Linde by 1.2% in the first quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock valued at $906,730,000 after purchasing an additional 23,155 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

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 sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was 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. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on LIN. UBS Group decreased their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Citigroup raised their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Barclays upped their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Bank of America increased their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a 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 stock. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Stock Performance

NASDAQ LIN opened at $486.06 on Friday. Linde plc has a 1-year low of $361.02 and a 1-year high of $487.49. The stock has a 50-day moving average of $468.84 and a two-hundred day moving average of $450.50. The company has a market cap of $233.64 billion, a P/E ratio of 37.71, a P/E/G ratio of 2.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. During the same quarter last year, the company earned $3.57 EPS. Linde’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

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.