Fiduciary Trust Co Lowers Position in Linde plc (NASDAQ:LIN)

Fiduciary Trust Co trimmed its position in shares of Linde plc (NASDAQ:LIN) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,050 shares of the basic materials company’s stock after selling 111 shares during the quarter. Fiduciary Trust Co’s holdings in Linde were worth $14,806,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC lifted its stake in Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC increased its stake in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 23 shares during the period. Quotient Wealth Partners LLC lifted its position in shares of Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in Linde by 5.7% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock valued at $195,000 after buying an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The trade was a 36.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LIN. JPMorgan Chase & Co. increased their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets upped their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America increased their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Stock Performance

Shares of LIN stock opened at $457.12 on Thursday. The stock’s 50-day moving average is $467.66 and its two-hundred day moving average is $454.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The firm has a market cap of $217.66 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter last year, the business posted $3.63 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts predict that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.22%. Linde’s dividend payout ratio (DPR) is 42.22%.

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.