Amalgamated Bank Decreases Stake in Linde plc (NASDAQ:LIN)

Amalgamated Bank reduced its holdings in shares of Linde plc (NASDAQ:LIN) by 4.2% during the second quarter, HoldingsChannel reports. The firm owned 97,081 shares of the basic materials company’s stock after selling 4,289 shares during the period. Amalgamated Bank’s holdings in Linde were worth $42,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Members Trust Co boosted its holdings in shares of Linde by 3.7% during the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock valued at $300,000 after acquiring an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its position in Linde by 1.3% during the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after purchasing an additional 23 shares during the period. Johnson Financial Group Inc. boosted its holdings in Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares during the last quarter. Valued Wealth Advisors LLC grew its position in Linde by 49.0% in the 1st 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 during the period. Finally, CNB Bank raised its stake in Linde by 2.9% during the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after buying an additional 24 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Down 0.7 %

Shares of Linde stock opened at $471.66 on Wednesday. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $479.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The company has a market capitalization of $226.72 billion, a P/E ratio of 36.59, a P/E/G ratio of 2.93 and a beta of 0.94. The company has a fifty day moving average of $456.12 and a 200 day moving average of $449.00.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.57 earnings per share. On average, sell-side analysts anticipate that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America raised their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. UBS Group dropped their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Citigroup upped their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

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.