Canandaigua National Bank & Trust Co. Sells 52 Shares of Linde plc (NASDAQ:LIN)

Canandaigua National Bank & Trust Co. cut its holdings in shares of Linde plc (NASDAQ:LIN) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,016 shares of the basic materials company’s stock after selling 52 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Linde were worth $1,915,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. J. W. Coons Advisors LLC grew its holdings in shares of Linde by 5.1% during the 4th quarter. J. W. Coons Advisors LLC now owns 3,244 shares of the basic materials company’s stock worth $1,332,000 after purchasing an additional 156 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in Linde by 9.9% in the fourth quarter. Cetera Advisor Networks LLC now owns 22,657 shares of the basic materials company’s stock valued at $9,305,000 after acquiring an additional 2,047 shares during the last quarter. Gabelli Funds LLC raised its position in Linde by 10.0% during the fourth quarter. Gabelli Funds LLC now owns 7,330 shares of the basic materials company’s stock valued at $3,011,000 after purchasing an additional 665 shares in the last quarter. Exencial Wealth Advisors LLC lifted its stake in Linde by 9.0% during the fourth quarter. Exencial Wealth Advisors LLC now owns 1,181 shares of the basic materials company’s stock worth $485,000 after purchasing an additional 98 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in Linde by 1.4% during the fourth quarter. Stephens Inc. AR now owns 11,146 shares of the basic materials company’s stock worth $4,578,000 after purchasing an additional 149 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Down 0.3 %

Shares of LIN traded down $1.57 during mid-day trading on Friday, reaching $468.18. 2,131,023 shares of the company were exchanged, compared to its average volume of 1,860,692. The business has a 50 day simple moving average of $464.17 and a two-hundred day simple moving average of $449.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The stock has a market capitalization of $225.04 billion, a PE ratio of 36.32, a PEG ratio of 3.00 and a beta of 0.94. Linde plc has a 52 week low of $361.02 and a 52 week high of $483.36.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm 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 company earned $3.57 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were paid a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is 43.13%.

Analyst Ratings Changes

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

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

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.