Linde plc (NASDAQ:LIN) Position Increased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its position in shares of Linde plc (NASDAQ:LIN) by 31.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,727 shares of the basic materials company’s stock after acquiring an additional 409 shares during the period. First Citizens Bank & Trust Co.’s holdings in Linde were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC increased its position in Linde by 28.0% during the fourth quarter. Fisher Asset Management LLC now owns 1,318 shares of the basic materials company’s stock worth $541,000 after buying an additional 288 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Linde by 14.3% during the first quarter. Salem Investment Counselors Inc. now owns 1,425 shares of the basic materials company’s stock worth $662,000 after buying an additional 178 shares during the last quarter. Cooper Financial Group increased its position in Linde by 37.9% during the first quarter. Cooper Financial Group now owns 764 shares of the basic materials company’s stock worth $355,000 after buying an additional 210 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Linde during the first quarter worth $143,000. Finally, Annex Advisory Services LLC increased its position in Linde by 6.8% during the first quarter. Annex Advisory Services LLC now owns 44,557 shares of the basic materials company’s stock worth $20,689,000 after buying an additional 2,835 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Linde 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 completion of the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This trade 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 available at this link. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Up 0.1 %

LIN stock opened at $486.45 on Monday. Linde plc has a twelve month low of $361.02 and a twelve month high of $487.49. The company has a market cap of $233.82 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 2.99 and a beta of 0.94. The business’s 50-day simple moving average is $469.63 and its 200 day simple moving average is $450.50. 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 announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm 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%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.57 earnings per share. On average, research analysts anticipate that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is 43.13%.

Wall Street Analyst Weigh In

LIN has been the topic of several analyst reports. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. UBS Group lowered their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Finally, Citigroup raised their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target 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.