Linde plc (NASDAQ:LIN) Shares Sold by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA cut its position in Linde plc (NASDAQ:LIN) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,366 shares of the basic materials company’s stock after selling 297 shares during the quarter. Linde makes up 1.4% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 26th biggest holding. Security National Bank of Sioux City Iowa IA’s holdings in Linde were worth $1,916,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Retirement Group LLC acquired a new stake in Linde during the 1st quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in Linde during the 2nd quarter worth approximately $28,000. Scarborough Advisors LLC acquired a new stake in Linde during the 4th quarter worth approximately $30,000. Valued Wealth Advisors LLC lifted its position in Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 24 shares during the period. Finally, OLD Point Trust & Financial Services N A acquired a new stake in Linde during the 4th quarter worth approximately $39,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

NASDAQ LIN opened at $481.68 on Friday. Linde plc has a 1-year low of $361.02 and a 1-year high of $482.11. The company has a market capitalization of $231.53 billion, a P/E ratio of 37.37, a PEG ratio of 2.99 and a beta of 0.94. The business has a 50 day moving average price of $460.79 and a 200 day moving average price of $449.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period last year, the business posted $3.57 EPS. Linde’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s payout ratio is 43.13%.

Analyst Ratings Changes

A number of analysts have weighed in on LIN shares. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 target price on shares of Linde in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Barclays increased their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Bank of America increased their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.

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.