Country Trust Bank Has $25.67 Million Stake in Linde plc (NASDAQ:LIN)

Country Trust Bank lowered its stake in Linde plc (NASDAQ:LIN) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,838 shares of the basic materials company’s stock after selling 6,183 shares during the quarter. Country Trust Bank’s holdings in Linde were worth $25,673,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LIN. Sugarloaf Wealth Management LLC increased its position in Linde by 29.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 481 shares of the basic materials company’s stock valued at $229,000 after buying an additional 108 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Linde by 16.9% during the third quarter. Atomi Financial Group Inc. now owns 2,815 shares of the basic materials company’s stock valued at $1,343,000 after acquiring an additional 406 shares in the last quarter. Park Place Capital Corp raised its position in shares of Linde by 13.1% during the third quarter. Park Place Capital Corp now owns 1,670 shares of the basic materials company’s stock worth $796,000 after purchasing an additional 194 shares during the period. Traveka Wealth LLC lifted its holdings in shares of Linde by 4.3% in the 3rd quarter. Traveka Wealth LLC now owns 1,079 shares of the basic materials company’s stock worth $515,000 after purchasing an additional 44 shares in the last quarter. Finally, Insight Wealth Strategies LLC lifted its holdings in shares of Linde by 1.9% in the 3rd quarter. Insight Wealth Strategies LLC now owns 3,937 shares of the basic materials company’s stock worth $1,877,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 1.3 %

Shares of Linde stock opened at $469.44 on Wednesday. The firm has a market cap of $225.65 billion, a PE ratio of 36.42, a P/E/G ratio of 2.98 and a beta of 0.94. Linde plc has a 1 year low of $361.02 and a 1 year high of $483.36. 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 has a fifty day moving average price of $464.43 and a 200-day moving average price of $449.71.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.57 earnings per share. Equities research analysts anticipate that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Insiders Place Their Bets

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and set a $477.00 price objective on shares of Linde in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Barclays lifted their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup increased their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Finally, Bank of America lifted their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price 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.