Linde plc (NASDAQ:LIN) Stock Holdings Lessened by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lowered its stake in shares of Linde plc (NASDAQ:LIN) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,202,894 shares of the basic materials company’s stock after selling 17,173 shares during the quarter. Linde accounts for 3.9% of Brown Brothers Harriman & Co.’s investment portfolio, making the stock its 5th largest holding. Brown Brothers Harriman & Co. owned 0.25% of Linde worth $573,612,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Barclays lifted their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Linde Trading Down 0.1 %

Shares of LIN opened at $454.78 on Monday. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The stock has a market cap of $216.55 billion, a PE ratio of 34.53, a P/E/G ratio of 2.91 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $468.54 and its 200-day moving average price is $453.66.

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

Linde Dividend Announcement

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

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction on 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 transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 36.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company 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.