Linde plc (NASDAQ:LIN) Stock Position Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Linde plc (NASDAQ:LIN) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 467,015 shares of the basic materials company’s stock after selling 1,248 shares during the period. Linde makes up approximately 0.7% of Zurcher Kantonalbank Zurich Cantonalbank’s holdings, making the stock its 18th biggest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Linde were worth $222,701,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LIN. Trifecta Capital Advisors LLC boosted its holdings in shares of Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares during the period. Prentice Wealth Management LLC lifted its position in Linde by 1.7% in the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after buying an additional 23 shares in the last quarter. Quotient Wealth Partners LLC boosted its stake in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after buying an additional 23 shares during the period. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Linde by 5.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 445 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $457.12 on Thursday. The firm has a market capitalization of $217.66 billion, a PE ratio of 34.71, a PEG ratio of 2.92 and a beta of 0.94. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $467.66 and its 200 day simple moving average is $454.02.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the business posted $3.63 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LIN. JPMorgan Chase & Co. increased their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Barclays boosted their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Bank of America lifted their target price on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average price target of $490.75.

About Linde

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.