Keybank National Association OH Purchases 43,193 Shares of Linde PLC $LIN

Keybank National Association OH purchased a new stake in Linde PLC (NASDAQ:LIN) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 43,193 shares of the basic materials company’s stock, valued at approximately $20,502,000.

Other large investors also recently made changes to their positions in the company. Atwood & Palmer Inc. boosted its holdings in shares of Linde by 12.9% during the second quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 20 shares during the last quarter. Principia Wealth Advisory LLC grew its position in shares of Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 23 shares during the period. Towercrest Capital Management increased its stake in Linde by 2.8% in the third quarter. Towercrest Capital Management now owns 918 shares of the basic materials company’s stock valued at $436,000 after purchasing an additional 25 shares during the last quarter. Creative Capital Management Investments LLC increased its stake in Linde by 55.6% in the third quarter. Creative Capital Management Investments LLC now owns 70 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 25 shares during the last quarter. Finally, 44 Wealth Management LLC increased its stake in Linde by 3.7% in the first quarter. 44 Wealth Management LLC now owns 724 shares of the basic materials company’s stock valued at $359,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Royal Bank Of Canada increased their target price on Linde from $549.00 to $568.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Citigroup lifted their price target on Linde from $560.00 to $580.00 and gave the company a “buy” rating in a report on Friday, October 30th. Barclays lifted their price target on Linde from $577.00 to $591.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Linde in a research note on Monday, October 5th. Finally, Argus cut their price objective on shares of Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $553.05.

Insider Activity

In other news, VP Guillermo Bichara sold 9,350 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $518.91, for a total value of $4,851,808.50. Following the transaction, the vice president directly owned 22,138 shares in the company, valued at $11,487,629.58. This trade represents a 29.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Matthew White sold 86,833 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $521.21, for a total value of $45,258,227.93. Following the completion of the transaction, the chief financial officer owned 50,733 shares in the company, valued at approximately $26,442,546.93. This trade represents a 63.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.30% of the company’s stock.

Linde Trading Up 0.9%

LIN stock opened at $526.55 on Thursday. The company has a market cap of $241.73 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 3.04 and a beta of 0.67. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $488.62 and a 200-day simple moving average of $495.50. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 29th. The basic materials company reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.07. Linde had a return on equity of 20.32% and a net margin of 19.34%. The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period last year, the company posted $4.21 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Linde PLC will post 17.89 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a dividend of $1.60 per share. The ex-dividend date is Thursday, December 3rd. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio is currently 42.52%.

Linde Company Profile

Linde plc is a global industrial gases and engineering company. It produces and supplies atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium and specialty gases. The company also designs and builds equipment and facilities used to produce and process gases. Linde serves customers across industries including healthcare, manufacturing, chemicals, food and beverage, electronics and energy. Its operations span the Americas, Europe, the Middle East and Africa, and Asia-Pacific.