Bryn Mawr Capital Management LLC Sells 109 Shares of Linde plc (NASDAQ:LIN)

Bryn Mawr Capital Management LLC decreased its position in Linde plc (NASDAQ:LIN) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,740 shares of the basic materials company’s stock after selling 109 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Linde were worth $1,125,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Carmel Capital Partners LLC acquired a new stake in Linde in the 3rd quarter worth approximately $26,000. Annapolis Financial Services LLC lifted its holdings in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 38 shares during the last quarter. Provence Wealth Management Group acquired a new stake in Linde in the 3rd quarter worth approximately $29,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Linde by 42.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 38 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Linde in the 4th quarter worth approximately $53,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the transaction, the chief executive officer now directly owns 56,398 shares of the company’s stock, valued at approximately $26,058,131.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now directly owns 8,151 shares in the company, valued at $3,809,695.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,248 shares of company stock worth $35,811,988. Insiders own 0.70% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $443.18 on Friday. The business’s fifty day moving average price is $456.06 and its two-hundred day moving average price is $420.75. Linde plc has a fifty-two week low of $350.60 and a fifty-two week high of $477.71. The stock has a market capitalization of $213.43 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.10. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.16 earnings per share. As a group, analysts predict that Linde plc will post 15.58 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Wednesday, March 13th. This is a positive change from Linde’s previous quarterly dividend of $0.88. Linde’s payout ratio is 44.13%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LIN. Seaport Res Ptn lowered Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. UBS Group lowered Linde from a “buy” rating to a “neutral” rating and upped their price target for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Stifel Nicolaus lowered Linde from a “buy” rating to a “hold” rating and set a $429.00 price target for the company. in a report on Monday, January 22nd. Wolfe Research began coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, TD Cowen upped their price target on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $456.79.

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.