Bar Harbor Wealth Management Sells 131 Shares of Linde plc (NASDAQ:LIN)

Bar Harbor Wealth Management trimmed its holdings in Linde plc (NASDAQ:LIN) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,641 shares of the basic materials company’s stock after selling 131 shares during the quarter. Bar Harbor Wealth Management’s holdings in Linde were worth $687,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Linde by 1.4% in the third quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock worth $5,217,197,000 after purchasing an additional 154,792 shares during the period. Ameriprise Financial Inc. increased its stake in 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 buying an additional 15,187 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after buying an additional 2,592,682 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Linde by 7.6% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after acquiring an additional 50,882 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their price objective for the company from $480.00 to $515.00 in a report on Monday. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reaffirmed 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $495.75.

Insider Buying and Selling

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

Linde Stock Up 1.8 %

Shares of LIN stock opened at $421.43 on Tuesday. The stock’s fifty day moving average price is $439.22 and its 200 day moving average price is $453.16. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a market cap of $200.67 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during 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%. Linde’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $3.63 EPS. On average, research analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a $1.39 dividend. This represents a $5.56 annualized dividend 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 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.