Trust Co. of Vermont Has $4.30 Million Holdings in Linde plc (NASDAQ:LIN)

Trust Co. of Vermont grew its stake in Linde plc (NASDAQ:LIN) by 0.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,018 shares of the basic materials company’s stock after buying an additional 77 shares during the period. Trust Co. of Vermont’s holdings in Linde were worth $4,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Group LLC acquired a new position in shares of Linde during the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new position in shares of Linde during the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC acquired a new position in shares of Linde during the 2nd quarter worth about $33,000. Valued Wealth Advisors LLC lifted its position in shares of Linde by 49.0% during 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 last quarter. Finally, J.Safra Asset Management Corp acquired a new position in shares of Linde during the 2nd quarter worth about $42,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Linde Trading Up 0.4 %

LIN stock opened at $486.06 on Friday. Linde plc has a 1-year low of $361.02 and a 1-year high of $487.49. The firm has a market cap of $233.64 billion, a P/E ratio of 37.71, a P/E/G ratio of 2.94 and a beta of 0.94. The business’s 50 day moving average is $468.84 and its 200-day moving average is $450.50. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The business had revenue of $8.30 billion for 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%. Linde’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.57 EPS. Equities 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 given a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.14%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Citigroup boosted their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Bank of America upped their price target on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Barclays upped their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price target on shares of Linde in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

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.