Harbour Capital Advisors LLC Sells 81 Shares of Linde plc (NASDAQ:LIN)

Harbour Capital Advisors LLC trimmed its position in Linde plc (NASDAQ:LIN) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,310 shares of the basic materials company’s stock after selling 81 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Linde were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. lifted its holdings in Linde by 2.0% in the 4th quarter. JCIC Asset Management Inc. now owns 6,447 shares of the basic materials company’s stock worth $2,699,000 after buying an additional 128 shares during the period. Accelerate Investment Advisors LLC raised its holdings in shares of Linde by 34.4% during the fourth quarter. Accelerate Investment Advisors LLC now owns 1,239 shares of the basic materials company’s stock valued at $519,000 after acquiring an additional 317 shares in the last quarter. Cooper Financial Group lifted its stake in Linde by 16.0% in the fourth quarter. Cooper Financial Group now owns 834 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 115 shares during the period. Capital Investment Advisors LLC boosted its holdings in Linde by 15.0% in the fourth quarter. Capital Investment Advisors LLC now owns 1,206 shares of the basic materials company’s stock valued at $505,000 after acquiring an additional 157 shares in the last quarter. Finally, Brookstone Capital Management increased its position in Linde by 14.5% during the 4th quarter. Brookstone Capital Management now owns 6,916 shares of the basic materials company’s stock valued at $2,896,000 after purchasing an additional 874 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Transactions at Linde

In other news, Director Paula Rosput Reynolds acquired 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LIN shares. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a research report on Monday. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $495.75.

Linde Stock Up 1.8 %

Shares of LIN traded up $7.41 during trading hours on Monday, hitting $421.56. The company had a trading volume of 1,161,610 shares, compared to its average volume of 2,272,082. The stock has a market capitalization of $200.73 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.79 and a beta of 0.94. The firm has a fifty day moving average price of $439.96 and a 200-day moving average price of $453.30. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.63 earnings per share. On average, equities research analysts forecast that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

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.