Linde plc (NASDAQ:LIN) Stock Position Increased by AMG National Trust Bank

AMG National Trust Bank grew its position in Linde plc (NASDAQ:LIN) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,391 shares of the basic materials company’s stock after purchasing an additional 146 shares during the period. AMG National Trust Bank’s holdings in Linde were worth $1,617,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LIN. National Bank of Canada FI increased its position in Linde by 46.9% in the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after acquiring an additional 15,393 shares during the period. Vident Advisory LLC increased its holdings in shares of Linde by 40.7% during the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock valued at $3,750,000 after purchasing an additional 2,337 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of 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 valued at $26,215,000 after purchasing an additional 2,312 shares during the period. Tidal Investments LLC raised its stake in shares of Linde by 28.7% during the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock valued at $9,319,000 after purchasing an additional 4,479 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Linde by 3.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,540 shares of the basic materials company’s stock worth $22,616,000 after purchasing an additional 1,564 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In other news, VP John Panikar sold 10,025 shares of Linde 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 transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America boosted their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Linde Trading Down 0.1 %

Shares of NASDAQ LIN opened at $448.57 on Tuesday. The business has a fifty day simple moving average of $469.79 and a 200-day simple moving average of $453.00. The company has a market cap of $213.59 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 2.88 and a beta of 0.94. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.63 earnings per share. Sell-side analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s payout ratio is 42.22%.

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.