Second Line Capital LLC Sells 44 Shares of Linde plc (NASDAQ:LIN)

Second Line Capital LLC reduced its position in Linde plc (NASDAQ:LIN) by 7.5% during the third quarter, Holdings Channel reports. The institutional investor owned 545 shares of the basic materials company’s stock after selling 44 shares during the quarter. Second Line Capital LLC’s holdings in Linde were worth $260,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LIN. Summit Securities Group LLC acquired a new stake in shares of Linde during the second quarter worth $28,000. Kozak & Associates Inc. purchased a new position in Linde in the 3rd quarter worth $34,000. Capital Performance Advisors LLP acquired a new stake in Linde during the 3rd quarter worth about $43,000. J.Safra Asset Management Corp purchased a new stake in Linde during the 2nd quarter valued at about $42,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of Linde by 133.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ:LIN opened at $444.81 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The stock’s 50-day moving average price is $464.12 and its 200-day moving average price is $455.40. The stock has a market capitalization of $211.80 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93.

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

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio is presently 42.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Insider Buying and Selling at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

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.