3,430 Shares in Linde plc (NYSE:LIN) Bought by Sandbar Asset Management LLP

Sandbar Asset Management LLP purchased a new stake in Linde plc (NYSE:LIN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,430 shares of the basic materials company’s stock, valued at approximately $1,307,000. Linde accounts for about 3.6% of Sandbar Asset Management LLP’s investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Country Club Bank GFN boosted its stake in Linde by 0.8% in the 2nd quarter. Country Club Bank GFN now owns 3,385 shares of the basic materials company’s stock valued at $1,284,000 after purchasing an additional 26 shares during the period. Strengthening Families & Communities LLC boosted its stake in shares of Linde by 51.9% in the 1st quarter. Strengthening Families & Communities LLC now owns 82 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 28 shares in the last quarter. Forum Financial Management LP grew its position in Linde by 0.8% during the 2nd quarter. Forum Financial Management LP now owns 3,543 shares of the basic materials company’s stock worth $1,350,000 after acquiring an additional 28 shares during the last quarter. Glassman Wealth Services raised its stake in shares of Linde by 4.0% during the first quarter. Glassman Wealth Services now owns 763 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 29 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. grew its position in shares of Linde by 8.9% in the 1st quarter. Financial Gravity Asset Management Inc. now owns 355 shares of the basic materials company’s stock valued at $6,626,000 after buying an additional 29 shares during the last quarter. Institutional investors own 80.98% of the company’s stock.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 1,245 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $387.63, for a total value of $482,599.35. Following the completion of the sale, the vice president now owns 8,149 shares in the company, valued at approximately $3,158,796.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Guillermo Bichara sold 12,484 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $386.53, for a total transaction of $4,825,440.52. Following the completion of the transaction, the vice president now owns 27,161 shares in the company, valued at $10,498,541.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Sean Durbin sold 1,245 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $387.63, for a total value of $482,599.35. Following the transaction, the vice president now owns 8,149 shares of the company’s stock, valued at approximately $3,158,796.87. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Linde Stock Performance

Shares of Linde stock traded up $3.88 on Tuesday, hitting $412.15. 491,157 shares of the company’s stock were exchanged, compared to its average volume of 1,752,038. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.68 and a current ratio of 0.83. The stock has a market capitalization of $199.85 billion, a PE ratio of 34.08, a PEG ratio of 2.76 and a beta of 0.88. Linde plc has a 1 year low of $302.17 and a 1 year high of $414.97. The company has a 50-day simple moving average of $382.07 and a 200-day simple moving average of $377.11.

Linde (NYSE:LIN) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.06. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.53 billion. Linde had a return on equity of 16.59% and a net margin of 18.44%. Linde’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.10 earnings per share. As a group, equities analysts anticipate that Linde plc will post 14.11 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Monday, December 4th will be paid a $1.275 dividend. The ex-dividend date is Friday, December 1st. This represents a $5.10 dividend on an annualized basis and a dividend yield of 1.24%. Linde’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Argus upped their price target on Linde from $440.00 to $463.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Mizuho upped their price objective on Linde from $382.00 to $410.00 in a research note on Monday, July 31st. BMO Capital Markets upped their price target on shares of Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Barclays upped their price target on Linde from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, UBS Group reduced their target price on Linde from $450.00 to $445.00 and set a “buy” rating for the company in a research report on Thursday, October 12th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $424.50.

About Linde

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia 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.