Tributary Capital Management LLC Has $665,000 Holdings in Linde plc (NASDAQ:LIN)

Tributary Capital Management LLC cut its position in shares of Linde plc (NASDAQ:LIN) by 5.1% during the third quarter, HoldingsChannel.com reports. The firm owned 1,395 shares of the basic materials company’s stock after selling 75 shares during the period. Tributary Capital Management LLC’s holdings in Linde were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LIN. Custom Index Systems LLC bought a new stake in Linde in the third quarter valued at $529,000. Motiv8 Investments LLC grew its position in Linde by 18.5% in the third quarter. Motiv8 Investments LLC now owns 1,759 shares of the basic materials company’s stock valued at $839,000 after acquiring an additional 275 shares during the period. Park Edge Advisors LLC grew its position in Linde by 17.3% in the third quarter. Park Edge Advisors LLC now owns 2,984 shares of the basic materials company’s stock valued at $1,423,000 after acquiring an additional 440 shares during the period. State of Alaska Department of Revenue grew its position in Linde by 4.2% in the third quarter. State of Alaska Department of Revenue now owns 56,922 shares of the basic materials company’s stock valued at $27,143,000 after acquiring an additional 2,320 shares during the period. Finally, Clear Harbor Asset Management LLC grew its position in Linde by 6.4% in the third quarter. Clear Harbor Asset Management LLC now owns 1,489 shares of the basic materials company’s stock valued at $710,000 after acquiring an additional 90 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction on 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 owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by company insiders.

Linde Trading Down 0.1 %

NASDAQ LIN opened at $473.76 on Monday. The company has a market cap of $227.73 billion, a PE ratio of 36.75, a PEG ratio of 3.05 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $366.12 and a 12 month high of $487.49. The stock has a 50 day moving average of $472.24 and a 200-day moving average of $451.20.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter last year, the firm posted $3.57 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

LIN has been the topic of a number of analyst reports. UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Barclays upped their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America upped their target price on shares of 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 reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $484.18.

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.