Beese Fulmer Investment Management Inc. Sells 102 Shares of Linde plc (NASDAQ:LIN)

Beese Fulmer Investment Management Inc. lowered its stake in shares of Linde plc (NASDAQ:LIN) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,473 shares of the basic materials company’s stock after selling 102 shares during the quarter. Linde makes up approximately 1.2% of Beese Fulmer Investment Management Inc.’s portfolio, making the stock its 26th largest holding. Beese Fulmer Investment Management Inc.’s holdings in Linde were worth $14,531,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Linde by 0.9% in the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after purchasing an additional 405,952 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Linde by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after purchasing an additional 15,187 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Linde by 7.6% in the second quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after purchasing an additional 218,746 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Linde by 8.7% in the second quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock worth $874,908,000 after purchasing an additional 160,355 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Linde by 1.2% in the first quarter. Janus Henderson Group PLC now owns 1,953,147 shares of the basic materials company’s stock worth $906,730,000 after purchasing an additional 23,155 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.9 %

Shares of NASDAQ LIN opened at $477.43 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $362.33 and a 52 week high of $487.49. The firm’s fifty day moving average is $471.54 and its 200 day moving average is $450.99. The company has a market cap of $229.49 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 3.08 and a beta of 0.94.

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

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s payout ratio is currently 43.13%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Citigroup raised their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Bank of America raised their price objective 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. Barclays lifted their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% 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.