DE Burlo Group Inc. Cuts Stock Holdings in Linde plc (NASDAQ:LIN)

DE Burlo Group Inc. trimmed its position in shares of Linde plc (NASDAQ:LIN) by 96.1% during the third quarter, Holdings Channel.com reports. The fund owned 835 shares of the basic materials company’s stock after selling 20,315 shares during the quarter. DE Burlo Group Inc.’s holdings in Linde were worth $398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIN. Summit Securities Group LLC bought a new stake in Linde in the 2nd quarter valued at about $28,000. Kozak & Associates Inc. bought a new position in shares of Linde in the third quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new stake in Linde in the third quarter worth approximately $43,000. J.Safra Asset Management Corp purchased a new stake in Linde in the second quarter worth approximately $42,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in Linde by 133.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock worth $44,000 after buying an additional 56 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on LIN shares. Mizuho raised their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America increased their price objective on 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 raised their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on 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 lifted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $490.75.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 36.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Linde Trading Up 1.4 %

LIN opened at $450.14 on Thursday. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The stock has a market capitalization of $214.34 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The business has a fifty day moving average price of $469.10 and a 200 day moving average price of $453.12.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.63 EPS. Sell-side analysts expect that Linde plc will post 15.48 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

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.