Linde plc (NASDAQ:LIN) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC reduced its position in Linde plc (NASDAQ:LIN) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,527 shares of the basic materials company’s stock after selling 75 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Linde were worth $2,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in Linde during the 2nd quarter valued at $28,000. Kozak & Associates Inc. acquired a new stake in shares of Linde during the third quarter valued at $34,000. Capital Performance Advisors LLP purchased a new stake in Linde during the 3rd quarter worth about $43,000. J.Safra Asset Management Corp acquired a new position in Linde in the 2nd quarter valued at about $42,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in Linde by 133.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.1 %

NASDAQ LIN opened at $454.78 on Monday. The stock has a market cap of $216.55 billion, a P/E ratio of 34.53, a PEG ratio of 2.91 and a beta of 0.94. The company’s fifty day simple moving average is $468.54 and its 200-day simple moving average is $453.66. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.63 EPS. Equities research analysts predict that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.22%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LIN shares. Bank of America boosted their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were 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 owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Linde 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.