Harbour Trust & Investment Management Co Has $1.23 Million Holdings in Linde plc (NASDAQ:LIN)

Harbour Trust & Investment Management Co lowered its stake in shares of Linde plc (NASDAQ:LIN) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,938 shares of the basic materials company’s stock after selling 90 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Linde were worth $1,230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in Linde in the 4th quarter valued at approximately $25,000. Kozak & Associates Inc. bought a new position in Linde during the 3rd quarter valued at $34,000. Global Wealth Strategies & Associates increased its position in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in Linde in the fourth quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in Linde during the third quarter valued at approximately $43,000. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

NASDAQ LIN opened at $455.05 on Monday. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a fifty day simple moving average of $434.36 and a 200 day simple moving average of $453.60. The company has a market cap of $216.68 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, sell-side analysts predict that Linde plc will post 16.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LIN shares. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. 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 note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling at Linde

In other news, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde 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.