Stock Yards Bank & Trust Co. lifted its position in Linde PLC (NYSE:LIN) by 0.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,280 shares of the basic materials company’s stock after purchasing an additional 407 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Linde were worth $11,484,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the business. Krane Funds Advisors LLC purchased a new stake in Linde during the second quarter worth $25,000. Harvest Fund Management Co. Ltd purchased a new stake in Linde during the second quarter worth $46,000. Ruggie Capital Group purchased a new stake in Linde during the second quarter worth $48,000. Stonebridge Capital Advisors LLC purchased a new stake in Linde during the second quarter worth $49,000. Finally, Ibex Wealth Advisors purchased a new stake in Linde during the second quarter worth $50,000. Institutional investors own 73.83% of the company’s stock.
Shares of LIN traded up $2.65 during midday trading on Tuesday, hitting $195.18. 1,520,741 shares of the company’s stock traded hands, compared to its average volume of 1,702,839. Linde PLC has a 1 year low of $145.95 and a 1 year high of $206.82. The firm’s fifty day moving average is $189.56 and its 200-day moving average is $190.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02.
Linde (NYSE:LIN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.75 by $0.08. Linde had a return on equity of 12.10% and a net margin of 19.45%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. Equities research analysts predict that Linde PLC will post 7.13 earnings per share for the current fiscal year.
The company also recently announced a dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.875 dividend. The ex-dividend date of this dividend was Friday, August 30th.
In related news, VP Bernd Hugo Eulitz sold 335 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $186.43, for a total value of $62,454.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.
LIN has been the subject of a number of analyst reports. ValuEngine lowered Linde from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday, July 12th. Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a report on Friday, June 21st. Sanford C. Bernstein reiterated a “sell” rating on shares of Linde in a report on Thursday, July 18th. Finally, DZ Bank reiterated a “buy” rating on shares of Linde in a report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $201.83.
Linde Company Profile
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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