Agate Pass Investment Management LLC Sells 35 Shares of Linde plc (NASDAQ:LIN)

Agate Pass Investment Management LLC reduced its position in shares of Linde plc (NASDAQ:LIN) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,374 shares of the basic materials company’s stock after selling 35 shares during the period. Agate Pass Investment Management LLC’s holdings in Linde were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. raised its position in shares of Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after buying an additional 24 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of Linde by 1.8% during the 4th quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after acquiring an additional 25 shares during the period. Claro Advisors LLC lifted its position in shares of Linde by 1.1% during the 4th quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after acquiring an additional 25 shares during the period. Holderness Investments Co. grew its holdings in shares of Linde by 1.4% during the 4th quarter. Holderness Investments Co. now owns 1,863 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 25 shares in the last quarter. Finally, Seven Mile Advisory increased its position in shares of Linde by 4.2% in the third quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 26 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on LIN shares. Wells Fargo & Company increased their price target on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Wolfe Research assumed coverage on Linde in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. UBS Group downgraded Linde from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Citigroup downgraded shares of Linde from a “buy” rating to a “neutral” rating and raised their price target for the company from $475.00 to $500.00 in a research note on Wednesday, April 10th. Finally, HSBC lowered their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $468.83.

Linde Trading Up 0.2 %

NASDAQ:LIN traded up $0.93 during trading hours on Thursday, hitting $439.35. 375,204 shares of the company were exchanged, compared to its average volume of 2,056,884. The stock has a market capitalization of $211.19 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 2.77 and a beta of 0.95. Linde plc has a one year low of $358.37 and a one year high of $477.71. The company has a fifty day simple moving average of $435.99 and a 200 day simple moving average of $433.60. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.68 by $0.07. The business had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.42 earnings per share. Sell-side analysts expect that Linde plc will post 15.51 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were issued a $1.39 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.27%. Linde’s payout ratio is currently 43.13%.

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.