Whittier Trust Co. of Nevada Inc. Boosts Holdings in Linde plc (NASDAQ:LIN)

Whittier Trust Co. of Nevada Inc. grew its holdings in Linde plc (NASDAQ:LIN) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,422 shares of the basic materials company’s stock after purchasing an additional 2,705 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Linde were worth $21,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Group LLC purchased a new position in Linde in the first quarter worth approximately $25,000. Summit Securities Group LLC purchased a new stake in shares of Linde during the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new stake in Linde in the 2nd quarter valued at $33,000. Valued Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 24 shares in the last quarter. Finally, Kozak & Associates Inc. acquired a new stake in Linde in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.6 %

Shares of NASDAQ LIN traded down $2.73 during trading hours on Monday, hitting $483.72. The stock had a trading volume of 540,521 shares, compared to its average volume of 1,826,385. The company has a market capitalization of $232.51 billion, a P/E ratio of 37.74, a P/E/G ratio of 2.99 and a beta of 0.94. The firm’s 50-day moving average price is $469.63 and its two-hundred day moving average price is $450.50. Linde plc has a 52 week low of $361.02 and a 52 week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate 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 return on equity of 17.92% and a net margin of 19.49%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.57 EPS. Analysts anticipate that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a $1.39 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.15%. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

LIN has been the topic of several research reports. Bank of America raised their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. UBS Group dropped their price objective 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. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Finally, Citigroup lifted their price objective on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the business’s 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 sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

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.