Mather Group LLC. Has $327,000 Stock Holdings in Linde plc (NYSE:LIN)

Mather Group LLC. trimmed its stake in shares of Linde plc (NYSE:LIN – Get Rating) by 14.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,215 shares of the basic materials company’s stock after selling 205 shares during the quarter. Mather Group LLC.’s holdings in Linde were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Linde during the second quarter valued at approximately $26,000. Hanson & Doremus Investment Management boosted its holdings in Linde by 92.3% during the third quarter. Hanson & Doremus Investment Management now owns 125 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 60 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Linde during the second quarter valued at approximately $46,000. CoreFirst Bank & Trust acquired a new stake in Linde during the second quarter valued at approximately $58,000. Finally, Western Pacific Wealth Management LP boosted its holdings in shares of Linde by 1,809.1% in the 3rd quarter. Western Pacific Wealth Management LP now owns 210 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 199 shares in the last quarter. 78.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Sean Durbin sold 4,060 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $360.17, for a total transaction of $1,462,290.20. Following the completion of the transaction, the vice president now directly owns 8,432 shares in the company, valued at approximately $3,036,953.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.25% of the company’s stock.

Linde Price Performance

Shares of LIN stock opened at $342.44 on Wednesday. Linde plc has a 12-month low of $262.47 and a 12-month high of $362.74. The firm has a market capitalization of $168.54 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 2.55 and a beta of 0.84. The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $332.88 and a 200-day moving average of $314.72.

Linde (NYSE:LIN – Get Rating) last announced its earnings results on Tuesday, February 7th. The basic materials company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.25. The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $8.49 billion. Linde had a net margin of 12.43% and a return on equity of 14.95%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.77 EPS. On average, equities research analysts forecast that Linde plc will post 13.37 earnings per share for the current year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Tuesday, March 14th will be paid a $1.275 dividend. The ex-dividend date is Monday, March 13th. This is a positive change from Linde’s previous quarterly dividend of $1.17. This represents a $5.10 dividend on an annualized basis and a yield of 1.49%. Linde’s dividend payout ratio is presently 56.73%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Evercore ISI boosted their target price on Linde from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Tuesday, March 7th. Mizuho boosted their target price on Linde from $346.00 to $370.00 and gave the stock a “neutral” rating in a report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $355.00 to $385.00 in a report on Wednesday, February 8th. Wells Fargo & Company boosted their target price on Linde from $350.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Finally, BMO Capital Markets boosted their target price on Linde from $370.00 to $378.00 and gave the stock an “outperform” rating in a report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $370.67.

Linde Profile

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Linde Plc is a global industrial gases and engineering company. It designs and builds equipment that produces industrial gases and offers customers a wide range of gas production and processing services such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.