Country Club Bank Trims Holdings in Linde plc (NASDAQ:LIN)

Country Club Bank trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,845 shares of the basic materials company’s stock after selling 27 shares during the quarter. Country Club Bank’s holdings in Linde were worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI grew its position in Linde by 46.9% during the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after buying an additional 15,393 shares in the last quarter. Vident Advisory LLC lifted its stake in Linde by 40.7% during the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after purchasing an additional 2,337 shares during the last quarter. Choate Investment Advisors lifted its stake in Linde by 23.6% during the first quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock worth $8,366,000 after purchasing an additional 3,437 shares during the last quarter. Norden Group LLC bought a new stake in Linde during the first quarter worth about $5,041,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Linde by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after purchasing an additional 2,312 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Linde Stock Down 0.1 %

Shares of NASDAQ:LIN opened at $473.76 on Friday. Linde plc has a 1 year low of $366.12 and a 1 year high of $487.49. The company has a market cap of $226.22 billion, a PE ratio of 36.05, a P/E/G ratio of 3.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The stock’s 50-day moving average is $472.24 and its 200 day moving average is $451.19.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the previous year, the business earned $3.57 EPS. Linde’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Linde plc will post 15.52 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.17%. Linde’s dividend payout ratio is presently 42.31%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Barclays lifted their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Bank of America lifted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

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.