Trust Co. of Toledo NA OH buys 51 shares of Linde plc (NASDAQ:LIN)

Trust Co. of Toledo NA OH raised its position in shares of Linde plc (NASDAQ:LIN – Free Report) by 5.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,031 shares of the basic materials company’s stock after acquiring an additional 51 shares during the period. Investments Trust Co. Toledo NA OH’s holdings in Linde were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LIN. Retirement Group LLC bought a new position in Linde in the 1st quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in Linde during the second quarter valued at about $28,000. Scarborough Advisors LLC bought a new stake in Linde in the fourth quarter valued at about $30,000. Strategic Financial Concepts LLC acquired a new position in Linde in the second quarter valued at about $33,000. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s shares.

Linde Price Performance

LIN opened at $469.75 on Friday. The company’s fifty day moving average price is $463.83 and its two hundred day moving average price is $449.95. The company has a market cap of $224.31 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 3.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95, and a quick ratio of 0.80. Linde plc has a 1 year low of $361.02 and a 1 year high of $483.36.

Linde (NASDAQ:LIN – Get Your Free Report ) last released 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. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the previous year, the firm posted EPS of $3.57. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde announces dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a dividend of $5.56 on an annualized basis and a yield of 1.18%. 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 dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Insiders hold 0.70% of the company’s stock.

Analyst upgrades and downgrades

LIN has been the subject of a number of research reports. UBS Group dropped their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Barclays upped their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and issued a $477.00 target price on shares of Linde in a report on Friday, August 30th. JPMorgan Chase & Co. lifted 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. Finally, Citigroup boosted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18, according to MarketBeat.com.

See the latest inventory analysis on Linde

Linde Company Profile

(Free report)

Linde plc operates as an industrial gases company in the Americas, Europe, the Middle East, Africa, Asia and the South Pacific. Provides 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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