Barings LLC Reduces Position in Linde plc (NASDAQ:LIN)

Barings LLC lessened its holdings in shares of Linde plc (NASDAQ:LINFree Report) by 13.6% in the 4th quarter, Holdings Channel reports. The fund owned 67,671 shares of the basic materials company’s stock after selling 10,623 shares during the quarter. Linde accounts for 0.9% of Barings LLC’s holdings, making the stock its 19th largest holding. Barings LLC’s holdings in Linde were worth $27,793,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LIN. Provence Wealth Management Group boosted its holdings in Linde by 655.7% in the 4th quarter. Provence Wealth Management Group now owns 597 shares of the basic materials company’s stock valued at $245,000 after purchasing an additional 518 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $203,000. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Linde in the 4th quarter valued at approximately $1,600,000. Harbour Trust & Investment Management Co purchased a new stake in shares of Linde in the 4th quarter valued at approximately $1,480,000. Finally, McKinley Carter Wealth Services Inc. grew its stake in shares of Linde by 17.9% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 16,157 shares of the basic materials company’s stock valued at $6,636,000 after buying an additional 2,448 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.6 %

NASDAQ:LIN traded down $2.67 during trading hours on Tuesday, hitting $432.11. The company’s stock had a trading volume of 1,288,068 shares, compared to its average volume of 2,173,211. Linde plc has a 52-week low of $350.60 and a 52-week high of $477.71. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $207.71 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. The stock has a fifty day moving average of $453.24 and a 200-day moving average of $426.02.

Linde (NASDAQ:LINGet Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.07. The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.42 earnings per share. On average, equities analysts forecast that Linde plc will post 15.49 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s payout ratio is 43.13%.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Sanjiv Lamba sold 8,306 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total transaction of $3,837,704.24. Following the transaction, the chief executive officer now owns 56,398 shares of the company’s stock, valued at $26,058,131.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. Insiders have sold 77,948 shares of company stock valued at $35,687,605 in the last ninety days. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. HSBC lowered their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. UBS Group cut shares of Linde from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Wolfe Research assumed coverage on shares of Linde in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Mizuho increased their price objective on shares of Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $468.83.

Check Out Our Latest Analysis on Linde

About Linde

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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