Natixis Advisors L.P. Has $188.72 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Natixis Advisors L.P. lowered its position in Linde plc (NASDAQ:LIN) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 459,490 shares of the basic materials company’s stock after selling 814 shares during the period. Natixis Advisors L.P. owned 0.09% of Linde worth $188,716,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LIN. Clear Harbor Asset Management LLC raised its position in shares of Linde by 1.8% during the 4th quarter. Clear Harbor Asset Management LLC now owns 1,399 shares of the basic materials company’s stock valued at $575,000 after acquiring an additional 25 shares during the last quarter. Claro Advisors LLC grew its holdings in shares of Linde by 1.1% in the 4th quarter. Claro Advisors LLC now owns 2,316 shares of the basic materials company’s stock valued at $951,000 after buying an additional 25 shares during the period. Fort Point Capital Partners LLC grew its holdings in shares of Linde by 1.9% in the 3rd quarter. Fort Point Capital Partners LLC now owns 1,385 shares of the basic materials company’s stock valued at $516,000 after buying an additional 26 shares during the period. Seven Mile Advisory grew its holdings in shares of Linde by 4.2% in the 3rd quarter. Seven Mile Advisory now owns 640 shares of the basic materials company’s stock valued at $238,000 after buying an additional 26 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. grew its holdings in shares of Linde by 1.0% in the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 2,573 shares of the basic materials company’s stock valued at $1,057,000 after buying an additional 26 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the sale, the vice president now owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Linde news, VP Sean Durbin sold 5,277 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Juergen Nowicki sold 13,134 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the completion of the transaction, the vice president now directly owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The disclosure for this sale can be found here. Insiders have sold a total of 78,248 shares of company stock valued at $35,811,988 over the last quarter. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and boosted their price target for the company from $482.00 to $510.00 in a report on Wednesday, March 27th. TD Cowen upped their target price on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Wolfe Research began coverage on shares of Linde in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Citigroup lowered shares of Linde from a “buy” rating to a “neutral” rating and upped their target price for the stock from $475.00 to $500.00 in a research note on Wednesday, April 10th. Finally, Seaport Res Ptn downgraded shares of Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $460.00.

Linde Trading Down 5.8 %

NASDAQ LIN traded down $25.74 during mid-day trading on Thursday, reaching $416.88. 3,228,882 shares of the stock were exchanged, compared to its average volume of 2,204,380. The stock has a market cap of $200.76 billion, a P/E ratio of 33.03, a P/E/G ratio of 2.88 and a beta of 0.94. The stock has a 50 day simple moving average of $456.50 and a 200-day simple moving average of $422.40. Linde plc has a one year low of $350.60 and a one year high of $477.71. 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 issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $3.42 earnings per share. On average, analysts anticipate that Linde plc will post 15.58 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s dividend payout ratio (DPR) is currently 44.13%.

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.