Iowa State Bank Boosts Holdings in Linde plc (NASDAQ:LIN)

Iowa State Bank raised its position in Linde plc (NASDAQ:LINFree Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,909 shares of the basic materials company’s stock after acquiring an additional 54 shares during the quarter. Iowa State Bank’s holdings in Linde were worth $2,427,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Annapolis Financial Services LLC increased its holdings in shares of Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 38 shares during the period. Carmel Capital Partners LLC acquired a new stake in Linde in the 3rd quarter valued at about $26,000. Provence Wealth Management Group acquired a new stake in Linde in the 3rd quarter valued at about $29,000. Halpern Financial Inc. grew its stake in Linde by 309.5% in the 3rd quarter. Halpern Financial Inc. now owns 86 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 65 shares during the last quarter. Finally, FWL Investment Management LLC acquired a new stake in Linde in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the completion of the transaction, the vice president now directly owns 8,151 shares in the company, valued at $3,809,695.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Sanjiv Lamba sold 8,306 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the completion of the transaction, the chief executive officer now directly owns 56,398 shares in the company, valued at $26,058,131.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,248 shares of company stock worth $35,811,988. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on LIN. Mizuho increased their price objective on shares of Linde from $503.00 to $510.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Wells Fargo & Company raised their price target on shares of Linde from $470.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. TD Cowen lifted their price objective on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. UBS Group downgraded shares of Linde from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Finally, Wolfe Research began coverage on shares of Linde in a report on Friday, March 1st. They set a “peer perform” rating for the company. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $448.93.

Check Out Our Latest Stock Report on Linde

Linde Trading Down 0.4 %

LIN traded down $2.06 during trading on Tuesday, reaching $461.34. The company had a trading volume of 1,451,115 shares, compared to its average volume of 2,375,664. The firm’s 50-day simple moving average is $441.31 and its 200 day simple moving average is $411.36. The company has a market cap of $222.17 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.03 and a beta of 0.93. Linde plc has a 12-month low of $350.60 and a 12-month high of $477.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80.

Linde (NASDAQ:LINGet Free Report) last released its earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.10. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a return on equity of 17.06% and a net margin of 18.87%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.16 EPS. Equities research analysts anticipate that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.39 dividend. This is a positive change from Linde’s previous quarterly dividend of $0.88. This represents a $5.56 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, March 13th. Linde’s payout ratio is 44.13%.

Linde Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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