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

Harbour Capital Advisors LLC trimmed its position in Linde plc (NASDAQ:LIN) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,391 shares of the basic materials company’s stock after selling 45 shares during the period. Harbour Capital Advisors LLC’s holdings in Linde were worth $1,123,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Retirement Group LLC acquired a new position in shares of Linde during the first quarter worth about $25,000. Summit Securities Group LLC acquired a new position in Linde during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde during the 2nd quarter worth approximately $33,000. Valued Wealth Advisors LLC lifted its holdings in shares of Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares during the period. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Linde in the second quarter valued at approximately $42,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction dated 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 approximately $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $486.06 on Friday. 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 plc has a 1-year low of $361.02 and a 1-year high of $487.49. The firm has a 50-day moving average of $468.84 and a two-hundred day moving average of $450.50. The stock has a market cap of $233.64 billion, a P/E ratio of 37.71, a PEG ratio of 2.94 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its 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. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. Linde’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.57 EPS. On average, research analysts expect that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LIN shares. Barclays increased their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. UBS Group decreased their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Citigroup increased their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $484.18.

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.