Linde plc (NASDAQ:LIN) Holdings Decreased by UMB Bank n.a.

UMB Bank n.a. lowered its stake in Linde plc (NASDAQ:LIN) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,304 shares of the basic materials company’s stock after selling 2,107 shares during the quarter. UMB Bank n.a.’s holdings in Linde were worth $39,724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Group LLC acquired a new position in shares of Linde during the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new position in Linde during the second quarter worth about $28,000. Scarborough Advisors LLC bought a new stake in Linde in the fourth quarter worth about $30,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the 2nd quarter valued at about $33,000. Finally, Valued Wealth Advisors LLC lifted its holdings in Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.1 %

Shares of NASDAQ LIN traded down $0.67 during mid-day trading on Thursday, reaching $468.90. 247,394 shares of the company traded hands, compared to its average volume of 1,847,130. The company’s fifty day moving average is $465.13 and its two-hundred day moving average is $449.85. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $483.36. 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 cap of $225.39 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94.

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

Linde Dividend Announcement

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

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on LIN. Citigroup boosted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Bank of America increased their price objective on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Barclays boosted their target price on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average target price of $484.18.

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.