Baldwin Investment Management LLC Sells 235 Shares of Linde plc (NASDAQ:LIN)

Baldwin Investment Management LLC reduced its stake in Linde plc (NASDAQ:LIN) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,651 shares of the basic materials company’s stock after selling 235 shares during the period. Linde makes up approximately 0.8% of Baldwin Investment Management LLC’s investment portfolio, making the stock its 12th biggest position. Baldwin Investment Management LLC’s holdings in Linde were worth $6,510,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of Linde during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC bought a new position in Linde in the second quarter valued at about $33,000. Kozak & Associates Inc. acquired a new position in Linde during the third quarter worth about $34,000. J.Safra Asset Management Corp acquired a new position in Linde during the second quarter worth about $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Linde in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 0.2 %

NASDAQ LIN opened at $456.60 on Wednesday. The stock has a market capitalization of $217.41 billion, a P/E ratio of 34.67, a P/E/G ratio of 2.92 and a beta of 0.94. Linde plc has a one year low of $396.07 and a one year high of $487.49. The business has a 50 day simple moving average of $467.86 and a 200 day simple moving average of $454.00. 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 announced its quarterly earnings data 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 firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.63 earnings per share. Research analysts expect that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays increased their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company 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 Linde stock in a transaction 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 transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 36.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

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.