Silver Coast Investments LLC Decreases Holdings in Linde plc (NASDAQ:LIN)

Silver Coast Investments LLC lowered its position in shares of Linde plc (NASDAQ:LIN) by 6.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,038 shares of the basic materials company’s stock after selling 75 shares during the period. Silver Coast Investments LLC’s holdings in Linde were worth $495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trifecta Capital Advisors LLC increased its position in Linde by 16.9% in the 3rd 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 during the period. Regent Peak Wealth Advisors LLC lifted its stake in shares of Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares during the period. Prentice Wealth Management LLC lifted its stake in shares of Linde by 1.7% during the 3rd 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 period. Quotient Wealth Partners LLC lifted its stake in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares during the period. Finally, CNB Bank lifted its stake in shares of Linde by 2.9% during the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred 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 in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of NASDAQ LIN traded up $2.12 during mid-day trading on Friday, reaching $458.27. 536,100 shares of the company traded hands, compared to its average volume of 1,826,168. Linde plc has a fifty-two week low of $385.12 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The firm has a market cap of $218.82 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The stock has a fifty day simple moving average of $473.04 and a 200-day simple moving average of $451.73.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the business earned $3.63 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.21%. Linde’s dividend payout ratio (DPR) is 42.31%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LIN. JPMorgan Chase & Co. increased their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Barclays upped their price objective on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. UBS Group dropped their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Bank of America increased their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

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.