Central Pacific Bank Trust Division Reduces Stock Holdings in Linde plc (NASDAQ:LIN)

Central Pacific Bank Trust Division reduced its position in Linde plc (NASDAQ:LIN) by 89.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242 shares of the basic materials company’s stock after selling 1,987 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Linde were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. J. W. Coons Advisors LLC increased its holdings in 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 acquiring an additional 156 shares during the period. Cetera Advisor Networks LLC boosted its position in Linde by 9.9% during 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 buying an additional 2,047 shares during the period. Gabelli Funds LLC grew its position in Linde by 10.0% during the 4th quarter. Gabelli Funds LLC now owns 7,330 shares of the basic materials company’s stock worth $3,011,000 after acquiring an additional 665 shares during the last quarter. Exencial Wealth Advisors LLC boosted its stake in shares of Linde by 9.0% during the fourth quarter. Exencial Wealth Advisors LLC now owns 1,181 shares of the basic materials company’s stock valued at $485,000 after purchasing an additional 98 shares during the period. Finally, Stephens Inc. AR grew its holdings in Linde by 1.4% in the 4th quarter. Stephens Inc. AR now owns 11,146 shares of the basic materials company’s stock worth $4,578,000 after acquiring an additional 149 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the firm’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 sale, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America increased their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and set a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Citigroup upped their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. UBS Group cut their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Linde Stock Down 0.3 %

LIN stock opened at $468.18 on Friday. The business has a 50 day moving average of $464.17 and a 200 day moving average of $449.97. The firm has a market cap of $225.04 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. Linde plc has a twelve month low of $361.02 and a twelve month high of $483.36. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued 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 was Wednesday, September 4th. Linde’s payout ratio is 43.13%.

About Linde

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.