Bryn Mawr Capital Management LLC Sells 2,127 Shares of Linde plc (NASDAQ:LIN)

Bryn Mawr Capital Management LLC reduced its holdings in shares of Linde plc (NASDAQ:LIN) by 37.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,615 shares of the basic materials company’s stock after selling 2,127 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Linde were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Synergy Asset Management LLC purchased a new stake in Linde during the fourth quarter valued at $25,000. Strategic Financial Concepts LLC purchased a new stake in Linde during the fourth quarter valued at $28,000. Global Wealth Strategies & Associates increased its position in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Linde during the fourth quarter valued at $34,000. Finally, Kozak & Associates Inc. increased its position in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,285 shares of company stock valued at $7,423,986. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, BMO Capital Markets upped their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Performance

NASDAQ LIN opened at $461.40 on Thursday. The firm has a market cap of $219.70 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $439.02 and a 200-day moving average price of $454.75. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, equities research analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $1.50 dividend. This is a positive change from Linde’s previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s dividend payout ratio is 40.85%.

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.