First National Bank of Mount Dora Trust Investment Services Sells 1,861 Shares of Linde plc (NASDAQ:LIN)

First National Bank of Mount Dora Trust Investment Services lowered its position in shares of Linde plc (NASDAQ:LINFree Report) by 13.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,134 shares of the basic materials company’s stock after selling 1,861 shares during the quarter. Linde makes up about 1.4% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 27th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Linde were worth $5,634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. Price T Rowe Associates Inc. MD increased its holdings in Linde by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock valued at $4,434,406,000 after purchasing an additional 141,322 shares during the last quarter. Norges Bank bought a new stake in shares of Linde in the fourth quarter worth about $3,066,825,000. Northern Trust Corp increased its holdings in shares of Linde by 2.5% in the third quarter. Northern Trust Corp now owns 5,081,177 shares of the basic materials company’s stock worth $1,891,976,000 after acquiring an additional 123,174 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Linde by 3.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,959,993 shares of the basic materials company’s stock worth $1,624,462,000 after acquiring an additional 138,585 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Linde by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,830,970 shares of the basic materials company’s stock worth $1,162,708,000 after acquiring an additional 64,362 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Mizuho upped their price objective on Linde from $510.00 to $512.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. HSBC dropped their price objective on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. UBS Group cut Linde from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $482.00 to $510.00 in a report on Wednesday, March 27th. Finally, BMO Capital Markets dropped their price target on Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $468.83.

View Our Latest Analysis on Linde

Linde Price Performance

NASDAQ LIN traded down $2.08 during trading hours on Friday, reaching $440.55. 1,421,725 shares of the stock traded hands, compared to its average volume of 2,061,850. The stock has a 50 day simple moving average of $436.37 and a two-hundred day simple moving average of $432.30. Linde plc has a 1 year low of $358.37 and a 1 year high of $477.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. The company has a market cap of $211.76 billion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 2.76 and a beta of 0.95.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm had revenue of $8.10 billion for the quarter, compared to analysts’ expectations of $8.38 billion. During the same period last year, the firm earned $3.42 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts predict that Linde plc will post 15.51 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were paid a dividend of $1.39 per share. The ex-dividend date was Tuesday, June 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.26%. Linde’s dividend payout ratio (DPR) is currently 43.13%.

Linde Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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