Blue Barn Wealth LLC Has $212,000 Stock Position in Linde plc (NASDAQ:LIN)

Blue Barn Wealth LLC reduced its stake in shares of Linde plc (NASDAQ:LIN) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 517 shares of the basic materials company’s stock after selling 46 shares during the period. Blue Barn Wealth LLC’s holdings in Linde were worth $212,000 as of its most recent filing with the SEC.

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

Insider Activity

In other news, CFO Matthew J. White sold 51,231 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $455.84, for a total value of $23,353,139.04. Following the completion of the transaction, the chief financial officer now directly owns 57,634 shares of the company’s stock, valued at $26,271,882.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Matthew J. White sold 51,231 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $455.84, for a total value of $23,353,139.04. Following the transaction, the chief financial officer now owns 57,634 shares of the company’s stock, valued at $26,271,882.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Oliver Pfann sold 300 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The disclosure for this sale can be found here. Insiders sold a total of 78,248 shares of company stock worth $35,811,988 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LIN. Wolfe Research started coverage on shares of Linde in a research note on Friday, March 1st. They set a “peer perform” rating for the company. HSBC dropped their target price on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a report on Monday. Citigroup cut shares of Linde from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $475.00 to $500.00 in a research report on Wednesday, April 10th. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, TD Cowen raised their price objective on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $464.69.

Linde Price Performance

NASDAQ LIN traded up $3.38 on Tuesday, reaching $430.00. The company’s stock had a trading volume of 1,549,456 shares, compared to its average volume of 2,218,466. The firm’s 50 day moving average is $454.81 and its two-hundred day moving average is $424.19. The stock has a market cap of $206.69 billion, a PE ratio of 33.36, a PEG ratio of 2.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. Linde plc has a twelve month low of $350.60 and a twelve month high of $477.71.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.07. The company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.42 EPS. As a group, sell-side analysts predict that Linde plc will post 15.5 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 issued a dividend of $1.39 per share. The ex-dividend date is Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.29%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

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.