DE Burlo Group Inc. Sells 20,315 Shares of Linde plc (NASDAQ:LIN)

DE Burlo Group Inc. lowered its holdings in Linde plc (NASDAQ:LIN) by 96.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 835 shares of the basic materials company’s stock after selling 20,315 shares during the period. DE Burlo Group Inc.’s holdings in Linde were worth $398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trifecta Capital Advisors LLC raised its stake in shares of Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares in the last quarter. Prentice Wealth Management LLC grew its holdings in shares of Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 23 shares during the last quarter. Quotient Wealth Partners LLC grew its holdings in shares of Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its position in Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in Linde by 5.7% in the second quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on LIN shares. Barclays lifted their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. 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. BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Linde Stock Performance

Shares of LIN stock opened at $450.14 on Thursday. The stock has a market cap of $214.34 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.84 and a beta of 0.94. The company has a fifty day moving average price of $469.10 and a two-hundred day moving average price of $453.12. Linde plc has a one year low of $396.07 and a one year high of $487.49. 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 (NASDAQ:LIN) last released its quarterly earnings results 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. 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 period last year, the firm earned $3.63 earnings per share. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.24%. Linde’s payout ratio is currently 42.22%.

Insider Activity

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 36.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

About Linde

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.